$XRP Spot Trade Signal: STRONGLY BULLISH / BREAKOUT CONFIRMED
The chart shows a strong, established uptrend. More importantly, the price has just broken out and closed above a key horizontal resistance level around $3.03. This level previously rejected the price, so a successful breakout is a significant sign of strength. The RSI is strong (above 60) and the MACD is bullish, both supporting further upside.
* Action: BUY/LONG. The breakout signals a continuation of the uptrend.
* Entry: Consider entering a long position at the current price ($3.058) or on a potential retest of the breakout level at $3.03.
*Stop Loss: Place a stop loss below the recent price structure and the ascending trendline, for example, at $2.98.
* Take Profit Targets:
* TP1: $3.10
* TP2: $3.15