๐ XRP/USDT Trading Setup ๐น Current Price: $2.4528 (-3.20%) ๐น 24H High: $2.5634 | ๐ป 24H Low: $2.4444 ๐น 24H Volume (XRP): 269.55M | 24H Volume (USDT): 677.62M
๐ Trading Strategy:
Entry Point: $2.4528
Target: $2.5634 (24H High)
Stop-Loss: $2.4444 (local support level)
๐ฎ Market Analysis: XRP is currently showing a slight decrease of about 3.20% in the last 24 hours. The price has recently retraced from its daily high of $2.5634, suggesting a period of consolidation or profit-taking. The trend remains largely bullish, with the price above the key moving averages (MA7, MA25, and MA99).
The support at $2.4444 could provide a safety net if the price continues to fall. However, the positive momentum is still intact, as evidenced by the strong trading volume in the last 24 hours. A breakout above $2.5634 might trigger further upward movement.
๐ก Recommendations:
Enter a position at $2.4528, with a target of $2.5634 (24H High).
Stop-loss at $2.4444 to protect from further downside risk.
Monitor volume โ continued high volume would support an ongoing upward trend.