$XRP
1. Entry Points
Current Price: $2.4340
XRP hit a local high of $2.4844 before a pullback and is now testing the 7-period MA ($2.4376) and slightly above the 25 MA ($2.4041).
The trend remains bullish with higher highs and higher lows.
Entry Zone:
Primary Entry: $2.42–$2.44 (near 25 MA and current candle body support).
Dip Entry: $2.38–$2.40 (deeper pullback to key horizontal support and 25 MA confluence).
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2. Stop-Loss Placement
To protect capital if momentum fails:
Stop-Loss: $2.35
Below recent consolidation base and significant intraday support.
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3. Take-Profit Targets
With strong momentum and a breakout from recent highs:
TP1: $2.48 (retest of local high)
TP2: $2.52–$2.54 (next psychological resistance zone)
TP3: $2.60–$2.65 (bullish extension target if breakout holds with volume)
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Summary (Spot Trading Setup)
Entry: $2.42–$2.44
Stop-Loss: $2.35
Take-Profit Targets:
TP1: $2.48
TP2: $2.52–$2.54
TP3: $2.60–$2.65
Risk/Reward Ratio: Between 1:2 and 1:3, depending on exit level.