XRP has officially broken out of its long-standing descending channel on the daily timeframe.
This is a major structure breakout and opens the door for a big move, but patience is key. Wait for a clean retest before entering the trade.
Trade Setup:
Entry (Ideal Retest Zone): $2.53 – $2.75
Stop Loss: Below $2.38
Resistance/Support Zones:
Immediate Support: $2.53
Resistance Levels: $4.29 / $7.53 / $11.98 / $18.00
Targets (Long-Term):
TP1: $4.29
TP2: $7.53
TP3: $11.98
TP4: $18.00
Potential Profit: Over 500%+ if it plays out fully
This is a long-term breakout structure — don’t rush. Wait for confirmation on the pullback.
DYOR | Not Financial Advice
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