$XRP Riding the structure, not the hype.
🔍TECHNICAL ANALYSIS
* 📊Pattern: Classic “W” (double bottom) recovery followed by a breakout to ~3.1784, then a pullback—structure suggests bullish continuation if support holds.
* ❇️Current Price: ~3.1497
* 📈Momentum: Short-term pullback toward the yellow MA (likely 7 or 9 EMA) and above the purple longer MA—shows healthy retrace, not full reversal.
* ✅Key Level: ~3.13–3.14 area is near the prior breakout / pivot and acts as near-term support.
* ⛔️Rejection Zone: High at ~3.178–3.18; clear resistance on any retest.
🎯 Trade Setup (Bullish Bias)
Primary Plan: Long on Confirmation
* ❇️Entry Zone (Pullback): 3.135 – 3.150 — wait for price to stabilize here with a small bullish candle or wick rejection (confirmation of support).
* ⛔️Stop Loss: 3.095 — below the next visible swing low and some buffer under support (~25–35 ticks), invalidates bullish “W” if broken.
* 🚀🎯Targets:
* T1: 3.178 (retest of recent high)
* T2: 3.215 – 3.230 (extension beyond prior high, measured move from bottom of the W)
* T3 (optional): 3.300+ if momentum and volume accelerate (open space above resistance)
Alternative Aggressive Entry
* Breakout Re-entry: On a clean reclaim and close above 3.18 with volume—target 3.23 / 3.30, stop just below 3.15.
⚖️ Risk/Reward & Execution Tips
* Risk/Reward: T1 offers ~1:1.5, T2 ~1:2.5+ if entered near 3.14 with stop at 3.095.
* Confirmation: Do not chase—wait for either a bounce candle at support or a breakout reclaim.
* Volume Watch: Bullish continuation needs rising volume on push above 3.18; failure to follow through may mean consolidation or deeper pullback to ~3.10.
* Manage Size: Use position sizing so that stop loss risk is a small % of portfolio; trail stops into T2/T3.
#TechnicalAnalysis #ChartPatterns #CryptoTA #TradeSetup
#PriceAction #BullishSetup
#CryptoPump #CryptoAlpha2025