$XRP
USDT LONG TRADE SETUP 🚀
$XRP is currently trading at 2.0233 (Last Price). After a significant move up to the 24h High of 2.0747, the price is seeing a retracement, but it is currently finding support near the MA(7) (2.0405) and is still comfortably above the MA(25) and MA(99) on the 15m chart, indicating the overall short-term trend remains bullish. Look for a bounce confirmation near current levels or a dip to a stronger support for a long entry.
Target Points (Based on recent highs and resistance)
TP1: 2.0400 (Testing the 7-period MA as a short-term resistance and psychological level)
TP2: 2.0513 (Mid-range resistance from the previous swing high area)
TP3: 2.0700 (Just below the 24h High of 2.0747)
Stop Loss
Set stop loss below the significant support zone and previous low.
SL: 1.9950 (Below the recent swing low and major psychological level)
