“XRP Trade Plan: Capitalizing on the Dip with Precision”
XRP Trade Plan: Navigating the Dip
• Current Price: $2.57
• Entry Zone: $2.40–$2.60 (Key support area; buy within this range for optimal risk/reward).
Target Profit (TP):
• TP1: $3.00 (+15% gain).
• TP2: $3.50 (+35% gain).
Stop-Loss (SL):
• SL: $2.20 (Below critical support; protects against further downside).
Strategy:
Monitor regulatory updates on Ripple’s RLUSD stablecoin and Bitcoin dominance trends. A breakout above $2.75 could indicate bullish momentum, while a dip below $2.40 signals bearish pressure.
Risk-reward is favorable at 2:1 or better. Execute with discipline and adapt to changing market conditions.