$XRP BULLISH MOMENTUM BUILDING – EYES ON $2.40 BREAKOUT
Current Price: $2.3807
24h Change: +3.93%
Timeframe Analyzed: 1H & 4H
KEY LEVELS TO WATCH:
Resistance Levels:
$2.3884 – 24H High
$2.4000 – Key Breakout Level
$2.4500 – Bullish Extension Target
Support Levels:
$2.3500 – Immediate Support
$2.3100 – Strong Support Zone
$2.2780 – Daily Low / Key Demand
TRADE SETUP – LONG ENTRY
Entry Zone: $2.3600 – $2.3800 (Buy on retest or tight consolidation)
Breakout Entry: Above $2.3900 – $2.4000 (Momentum confirmation)
Targets (TP):
TP1: $2.4500
TP2: $2.5000
TP3: $2.5800
Stop Loss (SL): $2.3100 (Below recent support & structure)
Trade Rationale:
XRP is pressing against major resistance at $2.40 after a strong climb from $2.27. Volume and structure suggest bulls are preparing for a breakout push. A successful flip of $2.40 could open the path to multi-week highs
RISK MANAGEMENT
Risk 1-2% max per trade
Use proper SL/TP placement
Ensure 2:1+ risk/reward ratio on every setup
Big moves often follow tight ranges — XRP’s moment may be near!
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