Looking at the 15-minute chart for $XRP / USDT, we’re seeing some interesting developments. Currently, XRP is trading at 2.340, down 2.05% in the last 24 hours. Let’s dive into the chart to uncover what could come next. 👇
Key Observations:
Price Action: We’ve seen a downtrend, but now there are signs of consolidation and a potential reversal.
Moving Averages:
7-period MA: $2.3864 (support below current price)
25-period MA: $2.3855 (further support)
99-period MA: $2.4085 (resistance above)
Volume: Increasing volume indicates growing interest in XRP at these levels. 📈
Support Level: $2.3427 seems to be a significant support zone.
Signal:
Potential Long Entry:
📊 If XRP breaks and holds above $2.342, we could see a bullish reversal.
Entry: Long position above $2.340.
Stop Loss: Below $2.3 to manage risk.
Target: First target: $2.330, potential for more upside if momentum continues.
💡 Disclaimer: This is not financial advice. Always do your own research and trade responsibly. 💪
