$XRP
The price of XRP/USDT has shown relative stability (-0.01%) with movement within a 24-hour range between 2.4080 and 2.5409. The current price (2.5099) is close to the middle of the range, indicating
🟣a neutral trend with the potential to move up or down based on testing support/resistance levels. The increase in trading volume for XRP (278.94M) against USDT (2.5080) may indicate a data error, but focusing on price movement shows neutral momentum so far.
🟢Entry Points:
- Buy entry: above 2.5150 (break of immediate resistance with volume confirmation).
- Sell entry: below 2.4950 (break of immediate support with volume confirmation).
🎯Profit Targets (Bullish)
- Target 1: 2.5300 (near resistance of the 24-hour high).
- Target 2: 2.5500 (bullish extension).
- Target 3: 2.5700 (historical resistance area).
🎯Profit Targets (Bearish):
- Target 1: 2.4800 (immediate support).
- Target 2: 2.4600 (strong support from the order book).
- Target 3: 2.4400 (bearish extension).
🔴Exit Points (Stop Loss):
- For buy trades: below 2.4950.
- For sell trades: above 2.5150.
🟡Notes:
- Confirm movement with high trading volume to ensure the validity of the breakout.
- Monitor the order book (especially at 2.5000 and 2.4900) to support the entry decision.
- Use indicators like RSI or MACD to avoid false signals.
- Adjust points according to actual price movement and market liquidity.
