$XRP
Recommendation – XRP/USDT (Long)
Safe entry price: 2.3910 – 2.3925
Target 1: 2.4120
Target 2: 2.4480
Target 3: 2.5020
Stop loss: 2.3620
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Technical Analysis (Recommendation Grade: 2 | Success Rate: 91%)
4-Hour Interval:
Price is rising from a low of 2.2968 and holding above EMA.
A strong bullish candle followed a corrective wave, which supports the upward trend.
The 2.392 area is considered a pivot point, and any breakout above it opens the way for the 2.44 level and then 2.50.
1-Hour Interval:
A strong upward wave followed by a price pause (consolidation) in a positive manner.
The price is maintaining support at EMA 9 with continuation signals from RSI and MACD indicator.
There are no sharp bearish candles, which boosts confidence in the entry.
15-Minute Interval:
Price consolidated above 2.388 after the recent correction.
Average to high-volume candles show a clear intention to break upward.
5-Minute Interval:
A higher low was formed at 2.388.
Immediate bounce from support with consecutive green candles and positive RSI.
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Entry Confirmation:
Scenario 1: Closing a 5-minute or 15-minute candle above 2.3930 with high volume = immediate entry.
Scenario 2: If the price drops towards 2.388 and a reversal candle appears with strong volume = buy from support.
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Note:
Recommendation grade "2" means it is very strong but not 100% golden (grade 1), so it's preferable to split the trade.
You can enhance the trade after surpassing 2.4120 to complete the target of 2.50.
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