Strong Daily Trading Strategy on Currency $XRP – Are We Witnessing a New Surge?
Technical Analysis on the Daily Timeframe (1D) for the XRP/USDT Pair:
1. Bollinger Band Breakout: The price has breached the upper limit of the band with a clear expansion – a signal for the beginning of a strong upward wave.
2. Strong Buying Momentum: The RSI indicator is at 77, indicating strong buying interest and the potential for continued upward movement.
3. MA Crossovers: The price is above MA5 and MA10, with a bullish crossover – confirming the positive trend.
Entry and Exit Points:
Entry: Between 2.55 – 2.59 USDT
Stop Loss: 2.48 USDT
Targets:
First Target: 2.88
Second Target: 3.10
Third Target: 3.50 (if momentum continues)