This isn't financial advice.
Current Market Situation
XRP has recently bounced from a key support level at $2.2623.
It is now holding steady near $2.2932, showing signs of strength and consolidation.
This behavior suggests the market is preparing for its next directional move, likely to the upside.
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Entry Zone (Buy Range)
I plan to enter a long position in the price range of:
$2.2750 – $2.2900
This range offers a favorable risk-to-reward setup based on recent price action.
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Profit Targets:
First Target: $2.3200
Second Target: $2.3630
Stop Loss (Risk Control)
below $2.2580
Watch for a Breakout Confirmation
Buyers currently appear to be in control of the price action.
If XRP breaks above $2.3100 with strong volume, it may trigger a rapid move upward, increasing the likelihood of hitting both targets.