$XRP

📊 XRP/USDT – Channel Support Rebound Setup

🕓 Timeframe: 4H

💰 Current Price: $2.3427

📈 Trend Context: XRP is trading within a well-defined ascending parallel channel. Price recently tested the lower trendline support and is showing early signs of rebound.

🟩 Entry Plan (Long Bias):

📌 Entry Zone:

Aggressive: $2.33 – $2.35 (trendline support + wick reaction zone)

Conservative: $2.28 – $2.30 (deeper retest of channel base if pullback continues)

🎯 Take-Profit Targets:

🎯 TP1: $2.48 (minor structure + moving average zone)

🎯 TP2: $2.62 (mid-channel resistance area)

🎯 TP3: $2.78 – $2.80 (channel top)

🛡️ Stop-Loss:

🔻 SL: $2.22 (below structure low and channel invalidation)

⚖️ Risk-Reward Tip:

Entry: $2.34 | SL: $2.22

TP2: $2.62 → Risk:Reward ≈ 2.3:1

TP3: $2.78 → Risk:Reward ≈ 3.7:1

Adjust SL to breakeven at TP1.

🔄 Alternate Bearish Scenario:

If XRP closes below $2.20 with volume:

🔻 Potential breakdown of channel with move toward $2.05–$1.95 zone

⚠️ Watch for high-volume candle below trendline base

✅ Confirmation Triggers:

🔸 Bullish engulfing or hammer on 4H at $2.33–$2.35

🔸 RSI bullish divergence at support

🔸 BTC/ETH strength confirming upside momentum

🔥 Signal Strength:

Moderate to Strong – Clear ascending channel structure with defined risk-reward, but dependent on confirming bounce from support.