š„ $XRP /USDT ā Reclaim and Ready for Another Leg Up! š
Current Price: $2.29(+0.27%)
$XRP has bounced sharply from the $2.25ā$2.26 demand zone ā a key area that previously acted as resistance. The price has now reclaimed mid-range structure and is challenging the $2.29 breakout level. This reclaim confirms buyer control and hints at a potential continuation move.
š Trade Setup:
⢠Entry Zone: $2.27 ā $2.29 (current zone)
⢠šÆ TP1: $2.34
⢠šÆ TP2: $2.38
⢠Stop Loss: $2.2489 (below demand + structure)
ā” Technical View:
Price is forming higher lows with consistent bounce action off strong support. If $2.29 breaks with volume, $2.33 and beyond are in play.
š” Risk Note:
SL below $2.2489 keeps downside risk tight. Breach invalidates bullish thesis ā manage accordingly.
š Strategy Breakdown:
This is a reclaim-based continuation play. Bulls stepped in at demand, reclaimed mid-structure, and are now eyeing a breakout from local resistance. Risk-to-reward remains favorable in this zone.
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