🔥🚨$XRP has exhibited a robust bullish breakout, surpassing the critical resistance level at $2.30, reaching a current price of $2.2939, reflecting an 8.85% increase. The 24-hour high was recorded at $2.3010, supported by significant trading volume (278.40M XRP), indicative of strong institutional and retail participation.
Technical Analysis:Price Action:
The asset has executed a decisive breakout from a consolidation phase, characterized by strong bullish candlestick formations and consistent higher lows.
Momentum Indicators: 🥵
Increasing momentum is confirmed by elevated trading volume, reinforcing the strength of the upward move.
Trading Strategy:
Entry Range: $2.2800 – $2.2950
Take-Profit Levels:TP1: $2.3400TP2: $2.4200Stop-Loss: Below $2.2300Market Outlook
The bullish trend remains intact as long as the price sustains above the $2.25 support level. A daily close above $2.30 could catalyze further upside momentum, with potential continuation patterns observable on lower timeframes. Traders should monitor for sustained volume and price stability to confirm the next impulsive wave.