To trade XRP smartly on Binance, consider the strategy you've outlined:
- *Entry Signal*: Buy XRP when it's oversold (RSI < 30) and near key support levels.
- *Layered Buying (DCA)*: Divide your entry into three phases - 30%, 30%, and 40% - to average out your buys based on price dips.
- *Risk Management*: Set a stop-loss 5% below your average entry price to limit potential losses.
- *Target Levels*:
- *TP1*: Sell 50% of your holdings at a 10% profit.
- *TP2*: Sell 30% at a 20% profit.
- *Long-term Hold*: Keep 20% for potential long-term gains or use a trailing stop.
Given the current market, XRP is trading at $2.22 with a -1.86% change. Predictions suggest ¹ ²:
- *Short-term*: XRP could reach $2.30-$2.47 by June 2025.
- *Medium-term*: Potential highs of $5.26 by the end of 2026.
- *Long-term*: Possible surge to $76.01 by 2030.
Stay updated on XRP news, especially regarding SEC developments, as these can significantly impact price movements. With the recent settlement between Ripple Labs and the SEC, and the launch of an XRP ETF in the US, the outlook for XRP seems positive ².