$XRP /USDT – Reclaiming Momentum Above $2.40!
Momentum Analysis:
XRP is trading at $2.4063 (+9.13%), rebounding sharply from the $2.20 zone. With strong volume — 317.28M XRP / $734.22M USDT in the past 24h — XRP signals bullish continuation on Layer 1 strength.
Long Setup:
Entry Zone: $2.29 – $2.40
Targets:
T1: $2.43
T2: $2.51
T3: $2.64
Stop Loss: $2.20
Breakout Confirmation Level: $2.429
Key Support: $2.20
Pro Tip for Traders:
Watch for a 4H close above $2.43 with rising volume to confirm breakout extension toward the $2.60s. Volatility can spike quickly — trail stop once above T2.
Trading Data Snapshot:
Price: $2.4063 (+9.13%)
24h High/Low: $2.4291 / $2.2025
24h Volume: 317.28M XRP / $734.22M USDT
Order Book Depth:
$2.4467 | $2.4291 | $2.4063 | $2.3694 | $2.2921 | $2.2147 | $2.1374 | $2.0777 | $2.0601
Timestamp: 2025-05-08
