Hello dear ones in Binance Square 👋🏻 Let's see what Ripple will give us 👇🏻
XRP shows strong bullish momentum, currently trading around $2.12 with a gain of +2.79%.
After a clean breakout above the resistance at $2.0772, we are now watching for a healthy correction to the same level, which is expected to turn into strong support.
Once the retest is confirmed, the new bullish leg may push prices towards the next target.
Key Levels:
Support Zone: $2.0772
Resistance Level: $2.2063
Current Price: $2.1227
Trade Setup (Long):
Entry: $2.0780 – $2.0900 (after confirming the retest)
🎯 Target 1: $2.1500
🎯 Final Target: $2.2063
🔴 Stop Loss: $2.0226
Market Outlook:
XRP is set to continue the movement as long as it remains above the previous resistance that has now turned into support. A strong rebound during the retest may trigger the next wave of buying pressure.
Risk Management:
Use a strict stop loss below the structure... Don't chase the price - wait for confirmation before entering... Stick to the calculated lot size.
Disclaimer: Do your own research before making any investment decisions and invest responsibly 🙏🏼