$XRP

Trading Plan for $XRP (XRP/USDT) 📈

✅ Entry Zone: Buy in the range $2.1962 – $2.2000, near current price support and moving average levels (based on 24-hour range and moving averages).

⛔ Stop Loss: Set at $2.1829 (below the recent low and potential 50 moving average support).

🎯 Profit Targets:

Target 1: $2.2300 📍 (move stop loss to break-even)

Target 2: $2.2600 🎯

Target 3: $2.3000 🚀

📊 Risk/Reward Ratio: ~3:1+ ⚖ (adjust to 2:1 if momentum weakens).

Key Notes:

Bullish Momentum: The price decreased -0.97% in 24 hours, with a recent bullish candle indicating a potential reversal.

Volume: Current volume (42.78 million XRP, 92.89 thousand USDT) is average; watch for increased volume to confirm the breakout.

Expected Relative Strength Index (RSI): Likely neutral (~50-55 based on the 24-hour change), no overbought signal yet (limited chart data).

Support/Resistance: Support at $2.1829 (24-hour low), resistance near $2.211 (24-hour high).

🔄 Strategy:

Pull the stop loss above the 9 moving average after Target 1.

Watch for rejection at $2.211 (24-hour high) for potential early exit.

Expand entry/exit due to high volatility in DeFi (as noted in the disclaimer for $XRP).

Trade wisely! 🚀💰