April 11, 2025
XRP is currently trading at $2.0511, showing a +4.58% gain in the last 24 hours. Strong momentum is visible on the 30m chart after a breakout from the 1.7218 support level, peaking recently at 2.0897.
Bullish Scenario (Long Entry):
Enter: Above $2.06 (confirmation of breakout continuation)
Target 1: $2.10, Target 2: $2.15
Stop Loss: $2.00
MA(7) > MA(25) indicates bullish strength.
Bearish Scenario (Short Entry):
Enter: Below $1.95 (support breakdown)
Target 1: $1.88, Target 2: $1.82
Stop Loss: $2.02
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Volume Analysis: A spike in buying volume aligns with upward price movement, suggesting institutional interest.
Conclusion: Price is consolidating with a bullish bias; wait for a clear breakout or breakdown before entering.
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