Here’s a refined XRP trade plan based on current price (~$2.25), clearly holding above the $2.20–$2.23 support area:
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🔹 Entry Strategy
Long entry: Consider entering near $2.23–$2.25, ideally on a small dip or bounce confirming support.
This aligns with the breakout zone above $2.23 identified by CryptoNews today: entry “above $2.23 on bullish confirmation” .
Binance Square also recommends entry at $2.18–$2.20 after confirmation—which supports staying in long above this zone .
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🎯 Take-Profit Targets
1. Target 1: $2.28–$2.30
First resistance zone and 0.382 Fibonacci (~$2.2822) noted by CryptoNews .
Binance suggests initial target at $2.30 .
2. Target 2: $2.34–$2.35
Fingered as next resistance/upper wedge or rising channel top .
TradingView analysts mention potential to reach $2.34 .
3. Target 3: $2.45–$2.50
If momentum continues, the next major resistance lies in this zone .
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🛑 Stop-Loss Placement
Primary SL: $2.20, just under key support. A drop below could invalidate the bullish setup .
Conservative SL: $2.18, below the lower support band recommended by Binance and FXLeaders .
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💡 Risk:Reward Scenarios
Level Risk/Reward (from $2.25 entry)
SL @ $2.20 Risk ≈ 0.05 → Reward 0.03 → RR ~0.6
TP1 @ $2.30 Reward 0.05 → RR ~1:1
TP2 @ $2.34 Reward 0.09 → RR ~1.8
TP3 @ $2.45 Reward 0.20 → RR ~4
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🧭 Strategy Summary
Stay bullish while price holds above $2.20–$2.23.
Use graded profit-taking: first at $2.30, then $2.34, and possibly $2.45–$2.50.
Place stop-loss below support structure: $2.20 (standard) or $2.18 (conservative).
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⚠️ Watch-Outs
Watch for rejection near $2.34–$2.35. A failed breakout could trigger a retrace to $2.20 or lower .
A breakdown below $2.18–$2.20 may lead to decline toward $2.15 or even $2.07 in deeper pulls .
Confirm entries with volume increase to avoid fake moves .
Trade on here $XRP