$XRP /USDT Long Trade Signal – Targeting $3.20
$XRP is showing promising recovery signs after recently bouncing from the key support level at $2.99. The price is currently trading around $3.12, with bullish candles holding steady and confirming renewed buying interest. This rebound highlights strong demand at the $3.00 zone, making it a critical level for bulls to defend.
Trade Signal Details:
Entry Zone: Above $3.08 (confirmation above $3.13 strengthens the setup)
Target 1: $3.15
Final Target: $3.20
Stop Loss: Below $2.99
From a technical perspective, XRP has established a higher low formation after touching $2.9915 and reversing upwards. The strong rejection from this level suggests that sellers are losing grip, while buyers are gradually stepping in. The immediate resistance lies near $3.14 – $3.15, and once broken, price can quickly push toward $3.20.
Volume analysis shows steady inflows, and the recovery momentum is supported by consistent green candles. As long as XRP sustains above $3.00, the bullish scenario remains valid. A decisive move above $3.15 will further confirm strength and open the way for continuation.
This trade offers a good risk-to-reward ratio since the downside is capped at $2.99, while the upside has room to reach $3.20 in the short term. For traders seeking a clean setup, XRP provides a favorable opportunity to capitalize on the current rebound.
