$XRP – Bullish Continuation Toward $3.50
Current Price: $2.9833
24h Range: $2.6955 – $3.0235
24h Volume: 417.58M XRP / 1.24B
Key Technicals
- Trend Bias: Strong bullish momentum after reclaiming $2.95 pivot.
- Resistance Levels:
- R1: $3.0235 – recent high, breakout trigger.
- R2: $3.5000 – main target & prior supply zone.
- Support Levels:
- S1: $2.9500 – immediate support.
- S2: $2.8500 – breakout retest zone.
- Indicators:
- EMA Alignment: Short- and medium-term EMAs sloping upward, confirming trend strength.
- MACD: Bullish crossover with strong histogram expansion, momentum intact.
- SAR: Below price, confirming bullish bias.
- Volume: Heavy buy-side participation on each push above $2.95.
Trade Setup
- Entry Zone: $2.96 – $2.99 (pullback buys) or breakout above $3.03 with volume.
- Target 1: $3.20 (partial profit)
- Target 2: $3.50 (main target)
- Stop Loss: $2.88 (below breakout retest zone)
- Risk–Reward: ~2.5
Setup Logic
- XRP is consolidating just below $3.03 resistance after a strong rally from $2.69 lows.
- Momentum indicators and volume profile suggest buyers are preparing for a breakout toward $3.20 and $3.50.
- Holding above $2.95 keeps the bullish structure intact and favors continuation.
