$XRP /USDT – Bullish Momentum Signals Potential Breakout
XRP is showing strong upward momentum, currently trading at $2.6912 after rebounding from the $2.6396 support level. With a 24-hour high of $2.7473, the price is testing a key resistance zone, indicating a potential breakout. The recent surge in trading volume (156M XRP) confirms growing market interest, making this an attractive setup for both short-term and swing traders. A decisive move above $2.75 could accelerate gains toward $2.80 and beyond, driven by bullish sentiment.
Key Factors Supporting This Trade:
Technical Breakout Formation: XRP has tested resistance after bouncing off support, setting up a potential breakout.
Increased Trading Volume: Rising volume reflects strong buying pressure and momentum.
Market Sentiment: As Layer-1 coins gain traction, XRP is well-positioned for further upside if buyers sustain control above $2.75.
Trade Setup:
Entry Zone: $2.68 - $2.72
Targets:
$2.78 (Short-term)
$2.85 (Mid-term)
$3.00 (Extended)
Stop Loss: $2.63
XRP is gaining momentum, with a potential breakout on the horizon.
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