$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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