$XRP Technical Outlook: Bullish Momentum Building
XRP just broke out of a descending wedge—a classic bullish signal. This could be the start of a serious uptrend.
Support Zones:
Primary support is holding strong around $2.00,
With additional support just above at $2.05.
Resistance Levels to Watch:
First hurdle: $2.40
If XRP breaks above that with volume, eyes are on $2.60, $3.00, and even $3.40 as potential targets.
---
Trade Setup Ideas:
Entry Points:
Aggressive Buy: Between $2.18–$2.20, riding the breakout early.
Safer Play: Wait for a solid move above $2.40 with volume confirmation.
Take-Profit Zones:
TP1: $2.60
TP2: $3.00
TP3: $3.40
Risk Management:
Consider a stop-loss around $1.95, just below key support.
---
Current Price (XRPUSDT Perp): $2.3823 (+1.02%)
Momentum is building. Stay sharp and trade with a plan.
#TradeOfTheWeek #FOMCMeeting #PectraUpgrade #BTCBackto100K #xrp