Is XRP about to break out? Read the multi-timeframe analysis carefully before entering a trade
Current price: 2.4116 USDT
24h volatility: +1.08%
24h trading volume: 628 million USDT
Technical overview (M15 – H1 – H4 – D1)
Overall trend: Slightly bullish, but there are signals of short-term correction.
• 15 minutes: Selling pressure, may retest support at 2.4032.
• 1 hour: Accumulation – waiting for MA7 to break at 2.4232 to confirm the uptrend.
• 4 hours: Clear uptrend, MA7 > MA25, RSI positive.
• 1 day: Medium-term still leaning bullish, MACD slightly correcting.
Short-term trading strategy
Long scenario:
Enter a trade if the H1 candle closes above 2.4232 and the H4 MACD remains positive.
• Entry: Above 2.4232
• TP: 2.45
• SL: Below 2.3763
• Probability of success: 65%
Short scenario:
Only consider if the price breaks below 2.4032 on the 15-minute timeframe.
• Entry: Below 2.4032
• TP: 2.38
• SL: Above 2.4239
• Probability of success: 50% (Low volume, easily retraced)
Risk warning
• Minimum R:R ratio: 1:2
• Prioritize trades when at least 2 out of 4 timeframes agree
• Always keep an eye on macro news or updates from Binance affecting XRP
Conclusion: Prioritize Long positions when the price stays above the MA25 on the 4H timeframe. If it breaks 2.4032, a Short may be opened, but caution is needed due to low volume. Trade with discipline and always set stop losses!
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