📌 Analysis + Deal $XRP #xrp

Bullish breakout for XRP/USDT after breaking the main resistance

!XRP/USDT – Analysis on the hourly timeframe (1H) ⏱️💧

Current price: $2.2851

📌Technical analysis in brief:

The price has consolidated at support around $2.28 after rebounding from levels of $2.26, with a slight decrease in selling volume.

It is trading above the 25-exponential moving average (EMA25) at ~$2.29 and below the EMA50 at ~$2.27, indicating an initial bullish momentum that needs confirmation.

The relative strength index (RSI) is at ~53, reflecting a relative balance and an opportunity for a bullish rebound without being overbought.

Trade settings:

✅ XRP/USDT (Buy) LONG

🔰 Entry price upon breakout: $2.30

🎯 Targets:

$2.35

$2.40

$2.45

$2.50

🛑 Stop loss: $2.26

📌 Trader's advice:

Wait for the closure of the 1H candle above $2.30 with an increase in trading volume to confirm the breakout. After reaching the first target, move the stop loss to the entry price ($2.30) to protect capital, then leave the position to chase higher targets.

✅ XRP/USDT (Sell) SHORT

🔰 Entry price upon breakdown: $2.27

🎯 Targets:

$2.22

$2.18

$2.14

$2.10

🛑 Stop loss: $2.30

📌 Trader's advice:

You can enter a sell position upon a clear breakdown of the $2.27 level with a closure of the 1H candle below it and high trading volume. Place a stop above the broken resistance ($2.30), and gradually adjust the stop loss as each target is reached to protect profits.

Trader's advice:

“Always remember risk management and do not trade with an amount you cannot afford to lose.”

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