🚀 XRP/USDT LONG TRADE SETUP
📊 Market Insight:
XRP has completed a bullish V-shaped recovery off the ~$2.30 level, creating a structure of higher lows and successfully breaking above the key resistance at $2.40.
This pattern suggests strong upward momentum, with technical analysts targeting the $3.30–$3.40 zone as the next major destination.
✅ ENTRY POINT:
🟩 $2.45 (Current Price)
Just above the confirmed breakout zone at $2.40, ideal for capturing the continuation of the bullish momentum.
🛡️ STOP LOSS:
🟥 $2.20
Approximately 10% below entry. Positioned just under the swing low near $2.32 to avoid false breakdowns.
🎯 TAKE PROFIT LEVELS:
🟨 TP1: $2.60 – Minor resistance level, ideal for your first partial exit.
🟧 TP2: $2.80 – Recent high and a round number, another strong level to secure gains.
🟩 TP3: $3.00 – Psychological barrier where many traders may take profits.
🟦 Final TP: $3.30–$3.40 – Aligns with the full projection of the V-shaped recovery pattern.
📈 VOLUME CONFIRMATION TIP:
Ensure breakouts and rallies are backed by increasing volume.
Watch for green volume bars on upward moves — a key signal of strong buyer interest.
Reduced volume on pullbacks = healthy trend continuation.
Pro Tip: If price retests $2.40 with a bounce, it could be a secondary entry confirmation.
$XRP For Holders Hold And Enjoy