Trade Setup for $XRP (#Ripple ) Based on Analysis

Trade Type: Short-term Buy (with caution)

Entry: 2.3172

Enter the trade at 2.3172, as per the given levels.

Stop-Loss (SL): 2.0868

The stop-loss is set at 2.0868 to limit risk. If the price drops below this level, it may signal a breakdown.

Take-Profit (TP): 2.4330

The target price is 2.4330, where the trade will be closed in profit.

Risk Management:

Risk per trade: (2.3172 - 2.0868) = 0.2304

Potential reward: (2.4330 - 2.3172) = 0.1158

Risk-to-Reward Ratio: 1:0.5 (not ideal but tradable)

Trading Strategy:

The medium-long-term trend is horizontal, indicating indecision.

Head and Shoulders formation suggests possible downside risk.

If 2.10 support holds, a bounce may occur. But if it breaks, expect a deeper fall.

Volume confirmation on a breakout/breakdown is crucial for further trend direction.

Trade Execution:

Buy at 2.3172

Set SL at 2.0868

Set TP at 2.4330

Monitor price action near 2.10 support—if it breaks, reconsider position.

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