$XRP Chart Breakdown:
Pair: XRP/USDT
Current Price: 2.3490 (highlighted in red)
Support Zone: Around 2.12
Stop-Loss Level: 1.7748 (marked in red box below)
Target (TP): 3.3153
Risk-Reward Ratio (RRR): Favorable (approximately 3:1)
Chart Patterns:
Falling Wedge Breakout: Price has broken above a descending resistance trendline — this is generally a bullish breakout signal.
Higher Low Formation: Price has formed higher lows, suggesting bullish strength.
Volume Not Visible: Volume confirmation would help strengthen the signal.
Trading Signal:
Buy Signal (Buy Position):
Entry: 2.35 (current price)
Stop-Loss: 1.77
Target 1: 2.47
Target 2: 2.80
Target 3: 2.95
Target 4: 3.31 (final TP)
Reason: Breakout from falling wedge pattern + successful retest suggests upside continuation.
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Risk Management:
Do not risk more than 10/15% of your capital on this trade.
Watch for fakeouts — if price drops below 2.12 support, reduce exposure or exit early.
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