$XRP XRP/USDT Trade Setup – 1H Chart Analysis
Market Snapshot:
XRP has just printed a strong bullish breakout candle, pushing the price to 2.1679, breaking above key moving averages — signaling renewed upward momentum.
Technical Highlights:
MA Crossover: Price has confidently reclaimed the 25 EMA (2.1348) and the long-term 99 EMA (2.1473), shifting short-term structure bullish.
MACD Momentum: A fresh bullish crossover is visible on the MACD, with rising green histogram bars — a sign of strengthening buyer pressure.
Volume Surge: Noticeable volume spike confirms the validity of the breakout, reducing the chance of a fakeout.
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Trade Signal: Long (Buy)
Entry Zone: 2.1650 – 2.1700
Stop Loss: 2.1340 (Below MA cluster support)
Target 1: 2.2000 (Minor resistance zone)
Target 2: 2.2300 (Extended move if momentum holds)
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Outlook:
XRP is showing a textbook breakout above resistance, backed by volume and bullish indicators. Ideal for short-term momentum traders looking to ride a quick leg up with defined risk.