$XRP (Ripple) #TradingSignal โ May 14, 2025
Current Price: ~$2.55
Signal: Buy on Breakout / Buy on Dip
๐ Key Levels
Buy Zones:
Breakout Entry: Above $2.60 with strong volume
Dip Entry: $2.00โ$2.10 (strong support)
Sell Zone: $2.90โ$3.00 (major resistance)
Stop-Loss: Below $2.00
๐ Market Insights
Trend: Bullish breakout confirmed above $2.46; XRP is in the 5th wave of the Elliott Wave cycle, typically the strongest phase.
Momentum: MACD is widening above the signal line, indicating strong upward momentum.
Volume: Open interest in XRP futures has surged to $3.42 billion, suggesting increased trader engagement.
Catalysts: Anticipation of XRP ETF approval and resolution of the Ripple-SEC lawsuit are fueling bullish sentiment.
โ Action Plan
If Holding: Consider taking partial profits near $2.90โ$3.00.
If Looking to Enter:
Buy on confirmed breakout above $2.60 with strong volume.
Alternatively, enter on dips to the $2.00โ$2.10 support zone.
Risk Management: Set stop-loss orders below $2.00 to manage downside risk.
