🚨 $XRP Day Trading Strategy – April 30, 2025

🔹 Current Price: ~$2.25

🔹 24H Range: $2.23 – $2.30

🔹 Market Sentiment: Neutral with a slight bearish bias

🔹 Technical Indicators:

Support Levels: $2.24, $2.17, $2.12

Resistance Levels: $2.36, $2.42, $2.48

Moving Averages: Trading near 50-day EMA; potential support at $2.17

MACD: Weakening bullish signals

RSI: Approaching neutral territory

📈 Intraday Trading Plan:

Long Entry: $2.17 – $2.20

Take Profit (TP): $2.36 – $2.42

Stop Loss (SL): $2.12

Short Entry: $2.36 – $2.42

Take Profit (TP): $2.24

Stop Loss (SL): $2.48​

📊 Market Overview:

$XRP price is currently consolidating, with key support at $2.17 and resistance at $2.42. A breakout above $2.42 could signal a bullish trend, while a drop below $2.17 may indicate further downside. Traders should monitor volume and price action closely. ​

⚠️ Risk Management:

Given the current market conditions and technical indicators, it's crucial to set appropriate stop-loss orders and manage position sizes to mitigate risk.​

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