🚨 $XRP Day Trading Strategy – April 30, 2025
XRP/USDT is trading at $2.24, reflecting a minor decline of approximately 0.02% from the previous close. The day's trading range has been between $2.22 and $2.30.
📊 $XRP Technical Overview
Support Levels: $2.20, $2.17
Resistance Levels: $2.30, $2.35
Indicators:
Moving Averages: The price is trading above the 50-day EMA, indicating a bullish trend.
MACD: A bullish crossover has been observed, suggesting upward momentum.
RSI (14): Currently at 56.79, indicating neutral to bullish conditions.
📈 $XRP Intraday Trading Plan:
Long Entry: $2.22 – $2.24
Take Profit (TP): $2.30 – $2.35
Stop Loss (SL): $2.20
Short Entry: $2.35 – $2.37
Take Profit (TP): $2.25
Stop Loss (SL): $2.40
📰 Market Insights
ETF Developments: The SEC has approved ProShares' launch of XRP Futures ETFs on April 30, 2025, potentially increasing institutional interest in XRP.
Regulatory Delays: The SEC has postponed its decision on Franklin Templeton's proposed XRP spot ETF until June 17, introducing continued uncertainty for XRP traders.
