$XRP
XRP's current price is $2.22, with a 1.22% increase.
*Key Levels to Watch:*
- *Support Levels:* $2.3562 (key support), $2.36 (0.382 Fibonacci ), and $1.76 (key structure support)
- *Resistance Levels:* $2.40 (breakout confirmation), $2.4381 (first major resistance), $2.4938 (extended target for strong momentum), and $2.87 (0.764 Fibonacci )
*Trading Setup:*
- *Long Entry:* Consider buying above $2.40-$2.42 (breakout confirmation) or $3.15-$3.18 (after confirmation above $3.20)
- *Take Profit Targets:*
- *:* $2.4381 (first resistance target) or $3.35 (premium zone)
- *:* $2.4938 (extended bullish target) or $3.40 (potential bullish expansion)
- *Stop Loss:* Set at $2.3562 (below key support) or $2.66 (below $2.87 resistance)
*Technical Indicators:*
- *Pattern:* Symmetrical triangle breakout or descending channel pattern
- *RSI:* 56.85 (neutral with room for upside) or overbought conditions near $2.66-$2.87
- *Momentum Shift:* Expected after breakout above $2.40 or $2.87
*Market Sentiment:*
- *Trend:* Bullish momentum building with higher lows forming after retest of $3.10 support or bearish bias remains unless price breaks & holds above $3.21
- *Volume:* Increasing buying volume above $2.40 confirms market interest and potential upward momentum ¹ ² ³#xrp
