#Xrp🔥🔥

This is a 15-minute candlestick chart for XRP/USDT on Binance, showing a recent price surge. Here’s an analysis:

Key Observations:

Current Price: ~$2.4977

Recent High: $2.5200

Support Level: Around $2.3113 (previous low)

Resistance Level: Around $2.5200 (recent high)

Moving Averages:

MA(7) at 2.4018 (short-term)

MA(25) at 2.3839 (medium-term)

MA(99) at 2.4096 (long-term)

Trade Suggestion (

Entry Point (Buy): $2.46 - $2.48 (on a minor pullback)

Target (Take Profit): $2.55 - $2.60 (next resistance area)

Stop Loss: $2.42 (below MA(99) and recent price action)

Reasoning:

The price broke above the 2.46 resistance, indicating bullish momentum.

A pullback to $2.46-$2.48 before another upward move is likely.

RSI and volume surge suggest strong momentum, but a stop-loss at $2.42 is essential to limit risk.