$XRP $XRP #xrp #bullish Based on the XRP/USDT Perpetual (1h timeframe), here's an analysis along with potential entry, stop loss, and take profit levels, using candle patterns and basic technical analysis.

Technical Overview

Price: $2.2915

Trend: Short-term uptrend (higher highs and higher lows forming)

Moving Averages:

MA(7): 2.2888 (price slightly above = bullish signal)

MA(25): 2.2479 (support level)

MA(99): 2.1685 (longer-term support)

Volume: Significant volume increase, confirming the recent breakout to $2.3458.

Candle Pattern:

There's a bullish engulfing earlier, followed by strong green candles, and now a slight pullback, forming a potential flag/pennant pattern (continuation pattern).

Suggested Trade Setup (Short-term Swing Trade)

Entry Point

Around $2.2900 - $2.3000

This range is close to the 7 MA and acts as immediate support.

Stop Loss

Below $2.2620, under the last higher low.

You could set a stop loss at $2.2550 to allow for some volatility but protect from breakdown.

Take Profit (Targets)

First Target (TP1): $2.3450 (recent high, retest expected if bullish momentum continues)

Second Target (TP2): $2.4000 (psychological level and next resistance)

Third Target (TP3): $2.4500 - $2.4800 (extension level if volume supports the move)

Why?

The trend is bullish on the 1h chart with strong recent momentum.

You're entering on a pullback to the moving average support (yellow MA 7).

The volume spike on the move up suggests buyers are in control.

Extra Notes

If price closes below $2.2620 on the 1h chart, re-evaluate as this could break the bullish structure.

Watch volume; decreasing volume on a pullback is healthy, but a spike on red candles could signal a reversal.

Let me know if you want more