$XRP /USDT 4H Trade Setup
Market Insight:
$XRP is showing solid bullish momentum with a +6.16% gain, currently trading at $3.2454. The 24h volume is very high at 342M XRP (~$1.12B USDT volume), indicating strong trader interest and liquidity. The price is nearing recent highs around $3.38, a key resistance level.
Entry Zone:
Buy zone: $3.20 – $3.25 (near current price and support from moving averages)
Targets:
Target 1: $3.31 (minor resistance)
Target 2: $3.38 (24h high resistance)
Target 3: $3.40 – $3.42 (extension beyond recent high, psychological levels)
Stop Loss:
Below $3.10 (below recent swing low and MA10 support)
Key Levels:
Support: $3.20, $3.13 (previous support)
Resistance: $3.38 (24h high), $3.40 (psychological)
Pivot: $3.25 (current price and mid-level)
Pro Tip:
Watch for strong volume confirmation on breaks above $3.38 to confirm upward momentum. If price retraces, $3.20-$3.25 should act as a good support zone. Manage risk tightly with stops just below $3.10.
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