Analysis of Currency $XRP and Trading Recommendations (Week: April 28 - May 5, 2025) 📊
XRP is currently trading at $2.30 in a descending wedge pattern with strong breakout signals. It has risen 7.7% over the past week, stabilizing above the 200-day moving average ($1.98).
Entry Points:
Buy at $2.17 (First Support)
Add at $2.11 (Second Support)
Preemptive Buy on Breakout at $2.30
Exit Points:
Partial Profit Taking at $2.50
Main Target $2.60-$2.80
Stop Loss at $1.98
Weekly Strategy: Gradual buying while waiting for a breakout of the current trading range. Momentum indicators are positive.
