📅 August 6, 2025
As broader altcoins show weakness, XRPUSDT is showing signs of strength by holding key support above $2.91. This consolidation, despite increased volatility in the market, could be the calm before a breakout.
🔍 Technical Setup:
Current Price: $2.9391
Timeframe: 4H
Indicators Used:
✅ Bollinger Bands – Price is squeezing between bands, signaling a volatility breakout.
✅ RSI – At 47, showing neutral momentum with space to move higher.
✅ Stochastic RSI – Resetting from oversold territory, indicating possible upside.
🧭 Trade Idea (Intraday):
Entry Zone: $2.91–$2.94
🎯 Take Profit Zone:
TP1: $3.02
TP2: $3.11
⛔ Stop Loss: $2.88
📊 Risk/Reward: 1:2+
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🧠 What makes this setup special?
Volume Divergence: Lower price action with decreasing sell volume hints at seller exhaustion.
Market Sentiment: XRP has been relatively resilient despite market-wide pullbacks.
External Factors: News around Ripple's continued adoption and court clarity gives it macro support.
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🗳 Which level do you think XRP will hit first?
🔼 TP1 ($3.02)
🔼 TP2 ($3.11)
🔽 SL ($2.88)
Drop your vote & thoughts 👇
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