$XRP USDT is approaching the level of 3.1004
After a strong push from 2.8174, the price reached the resistance area of 3.1004 with an expansion in trading volume. Now the market is at an important decision point.
What are we watching?
- A hold above 3.1004 drives momentum towards 3.1547 then 3.2307
- A rejection at 3.1004 may push the price back to 3.0017, and breaking it brings the price back to 2.8174
Trading Settings
• Buy Entry: Closing of a 1-hour candle above 3.1004
• Targets: 3.1547 and 3.2307
• Stop Loss: Below 3.085
• Long Retracement: Support at 3.0017 with a stop loss below 2.98, take profit from 3.1004 to 3.1547
• Quick Rejection: At 3.1004, take profit at 3.0017, stop loss above 3.115
⚠️ Advice: After a strong upward movement, wait for confirmations and price consolidation, and reduce position sizes to avoid sudden volatility
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