1. Summary

$XRP is trading ~$3.04 after a volume spike up to $3.128 and then a slight pullback; short-term bias neutral → bullish if there is volume confirmation above the resistance zone.

• Current price: $3.04. • Key levels: support $2.84–$2.78, resistance $3.12–$3.13.

2. Analysis

The 1H frame shows a short MA (MA7/MA25) close to the price, MA99 ~2.98 is holding as a neutral zone; RSI ~56 allows for continuation but is not too hot. The previous volume spike created short pressure but is not enough to confirm a sustainable breakout — need 4H/volume to verify. In terms of sentiment, the market appears cautious: retail may chase after the spike, whales/flows can reverse the trend quickly — watch on-chain/CEX flows.

3. Strategy

Entry:

  • Scenario A (Breakout — safe): probe/limit when 4H close > $3.10–$3.13 accompanied by a clear increase in 4H volume (confirming strength).

  • Scenario B (Pullback — lower risk): probe buy $2.95–$3.00 (or around MA99 ~2.98) if a wick rejection + 1H/4H reversal candle appears — split orders, small probe.

Stop-loss: $2.74 (set below swing low $2.78 to avoid false-stop but limit risk).

Take-profit: TP1 = $3.12–$3.14 (take most profits around near resistance); TP2 = $3.30–$3.50 (extended target if momentum & volume continue). If volume is weak, lower TP2 to ~$3.20 for a more realistic target.

Exit triggers (early exit): sudden large amounts of tokens moving to exchanges (CEX inflows), volume collapse, or major negative news → exit immediately. Use limit/probe orders to reduce slippage.