$XRP 🚀 BULLISH MOMENTUM 🚀
Chart Overview
XRP has recently staged a V-shaped recovery, rallying from a dip near ~$2.30 and stabilizing between ~$2.35–$2.40 . Technical sentiment suggests a notable bullish reversal pattern, signaling potential upside momentum .
Fibonacci Retracement & Key Levels
Set the Fibonacci retracement from the swing low ($2.40). This yields key levels:
38.2% retracement: ~$2.36
50% retracement: ~$2.35
61.8% retracement: ~$2.34
Recent support seems to have formed strongly between $2.35–$2.36, setting up a potential launchpad for continuation. Analysts are also spotlighting a bull flag formation, with a breakout above ~$2.41 opening potential for strong rally scenarios .
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Trading Strategy
Strategy Type Entry Zone / Trigger Targets Stop-Loss
Pullback Long $2.34–$2.36 (Fibonacci support zone) $2.41 → $2.50–$2.55 Below $2.32
Breakout Long Daily close above $2.41 with volume $2.50 → $2.60 → $2.70 Below $2.38
Rejection Short Bearish reversal near $2.41–$2.44 $2.36 → $2.34 Above $2.45 minimum
Fibonacci Retracement & Key Levels
Set the Fibonacci retracement from the swing low ($2.40). This yields key levels:
38.2% retracement: ~$2.36
50% retracement: ~$2.35
61.8% retracement: ~$2.34
Recent support seems to have formed strongly between $2.35–$2.36, setting up a potential launchpad for continuation. Analysts are also spotlighting a bull flag formation, with a breakout above ~$2.41 opening potential for strong rally scenarios .
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Trading Strategy
Strategy Type Entry Zone / Trigger Targets Stop-Loss
Pullback Long $2.34–$2.36 (Fibonacci support zone) $2.41 → $2.50–$2.55 Below $2.32
Breakout Long Daily close above $2.41 with volume $2.50 → $2.60 → $2.70 Below $2.38
Rejection Short Bearish reversal near $2.41–$2.44 $2.36 → $2.34 Above $2.45 minimum
Risk Management & Confirmation
Volume confirmation is essential—breakouts should coincide with above-average trade volume .
