$XRP Trading Signal - Symmetrical Triangle Breakout Imminent.......!!!
Entry Range: $3.12 - $3.16
Target 1: $3.30
Target 2: $3.36
Stop Loss: $3.08
Market Scenario:
XRP/USDT is consolidating within a symmetrical triangle on the 1-hour chart, indicating a potential breakout. The price is currently testing the apex of the triangle, and a breakout above $3.16 could signal a bullish continuation. Conversely, a breakdown below $3.08 would invalidate this setup, leading to further downside risks.
Key Levels to Watch:
Immediate Resistance: $3.16 (upper boundary of the triangle)
Immediate Support: $3.08 (lower boundary of the triangle)
Pro Tip:
Monitor the volume closely as a surge during the breakout could confirm the move. Adjust your stop-loss to breakeven once Target 1 is achieved to mitigate risks.