XRP/USDT — Advanced Profit Booking Setup
Entry Zone: $2.90 – $2.95
Position Size: ~341 XRP (for a $1,000 investment)
Take Profit Targets (TP):
TP1: $3.10
TP2: $3.25
TP3: $3.50
Stop-Loss: $2.80
Rationale & Market Insight
Support at $2.94–$2.96: XRP rebounded sharply from the 0.382 Fibonacci level around $2.96, showing classic bottoming behavior. Bullish RSI divergence on both 15-, minute and 1-hour charts further reinforces buyer strength near this zone.
Resistance Levels: Key resistance awaits at $3.10–$3.15. A breakout above this range could drive momentum toward $3.25 and possibly challenge $3.50 in the near term.
Market Sentiment: XRP is leading gains among major altcoins today, benefiting from broader crypto market strength and strong daily volume indications.
Cautionary Note: The SEC has postponed decisions on XRP ETF applications, which could continue to cull short-term bullish momentum—though institutional interest remains intact.