$XRP #xrp
📌Analysis + Trade
!XRP/USDT – Analysis on 6-hour timeframe (6h) ⏱️💧
Current price: $2.2991 (+1.71%)
Technical analysis in brief:
The price is moving above the exponential moving averages EMA7 at $2.2794 and EMA25 at $2.2455, and is approaching EMA99 at $2.2066, confirming a continued bullish momentum.
Breaking the previous resistance around $2.2800–$2.2900 and a positive closure of the 6h candle supports the bullish outlook.
The Relative Strength Index (RSI6) is at ~76.6, indicating slight overbought conditions; therefore, we await cautious testing of new levels.
Trade settings:
✅ XRP/USDT (Buy) LONG
🔰 Entry price on breakout: $2.3800
🎯 Targets:
$2.4200
$2.4600
$2.5000
$2.5400
🛑 Stop loss: $2.2400
📌 Trader tip: Wait for the 6h candle to close above $2.3800 with high trading volume to confirm the strength of the breakout. After the first target, move the stop loss to the entry price to protect capital.
✅ XRP/USDT (Sell) SHORT
🔰 Entry price on breakdown: $2.2400
🎯 Targets:
$2.2000
$2.1600
$2.1200
$2.0800
🛑 Stop loss: $2.3800
📌 Trader tip: You can enter a sell position at the close of the 6h candle below $2.2400 with strong confirmation in selling volume. Place a stop above the broken resistance and adjust the stop loss gradually as each target is reached.
Trader tip:
"Always remember to manage risk and do not trade with an amount you cannot afford to lose."