Trend Overview:
Recent Performance: XRP has rebounded from a low of $2.08 on May 6 to the current $2.55, indicating a bullish momentum.
Resistance Levels: The price is approaching a critical resistance zone between $2.52 and $2.73. A breakout above this range could signal a continuation of the uptrend.
Support Levels: Immediate support is observed around $2.36, with stronger support near $2.00. Indicators:
MACD & Stochastic RSI: Both indicators have shown bullish signals, similar to patterns observed in late 2024 when XRP experienced a significant rally.
RSI: Currently around 44.6, suggesting neutral momentum. Crypto BasicBinance
💡 Trade Setup Suggestion
Entry Point:
Aggressive Entry: At the current price of $2.55, anticipating a breakout above the resistance zone.
Conservative Entry: Wait for a confirmed breakout above $2.73 with increased volume. Stop Loss:
Place a stop loss below the immediate support at $2.36 to manage downside risk.
Take Profit Targets: