Hey Binance Square fam! 👋
XRP is once again making waves as it holds strong above key support and hints at a bullish breakout on the weekly chart! With solid momentum building, this might be the time XRP bulls have been waiting for! Let’s break it down:
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📊 Current Market Snapshot
Current Price: $2.42
Entry Zone: $2.40 – $2.45
Stop-Loss (SL): $2.00
Support Level: $2.40
Resistance Level: $2.70
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🎯 Trade Setup: Eyes on the Prize!
Entry Price: $2.42
Stop-Loss (SL): $2.00
Take-Profit Targets (TP):
TP1: $2.55
TP2: $2.70
TP3: $2.85
TP4: $3.00
TP5: $3.20
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🔍 Weekly Chart Analysis
Bullish Reversal Candle: Last week’s candle showed a long wick to the downside, hinting at buyer strength near $2.40.
Support Holding Strong: $2.40 has acted as a base, with buyers defending it repeatedly.
Momentum Building: MACD and RSI are flattening out—potential signs of an incoming move.
Volume Steady: No panic selling—just quiet accumulation.
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🧠 Pro Tips for Traders
A break above $2.70 could trigger the next leg up. Watch closely!
Use $2.00 as a hard SL to manage downside risk effectively.
Patience is key—weekly setups may take time to fully play out, but they offer big potential!
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XRP is showing resilience at $2.44… and if bulls can push it past $2.70, we could see fireworks!
Stay sharp, trade smart, and may your targets get hit!
Not financial advice. Always DYOR and manage your risk properly.
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