#xrp #FutureTarding we’re looking at the XRPUSDT perpetual pair on the 1-hour timeframe. Let’s break down a potential entry, stop loss, and take profit level based on candle patterns and technical analysis:

1. Chart Observations:

Current price: $2.2232

Recent low: $1.8952

Recent high (resistance): $2.2773

Moving Averages:

MA(7): $2.2247 (short-term)

MA(25): $2.2006 (medium-term)

MA(99): $2.1758 (long-term)

The price has recently crossed above the MA(25) and is testing the MA(7). This hints at a potential bullish crossover, with the short-term moving average acting as dynamic support. Volume shows a bit of accumulation but isn’t spiking yet.

2. Candle Pattern:

Last candles show small-bodied candles with wicks on both sides—indicating indecision.

Prior candles were bullish, forming higher lows and a potential ascending triangle pattern (bullish setup).

3. Entry Price (Long Position):

$2.23 - $2.24, slightly above current price, after a confirmation candle closing above $2.23 with volume confirmation.

If it breaks and closes above $2.25, that's a more aggressive confirmation for the move.

4. Stop Loss:

Below the recent swing low or key support:

Conservative stop loss: $2.18 (just below MA(99) support and previous structure low)

Aggressive stop loss: $2.20 (below MA(25) support)

5. Take Profit (TP) Targets:

TP1: $2.28 - $2.30 (recent resistance zone)

TP2: $2.34 (next key resistance area)

TP3 (longer-term): $2.50+ (if momentum stays strong)

6. Risk-Reward:

Entry: $2.23

Stop Loss: $2.18

Target 1: $2.28

Risk: $0.05

Reward: $0.05

Risk/Reward: 1:1

Better reward if aiming for TP2 or TP3.

7. Confirmation Signals to Watch:

Look for a strong bullish candle closing above $2.24 with increasing volume.

MACD crossover (not shown here, but valuable for confirmation).

RSI strength (preferably above 50 and rising).