đ Trade Recommendation
Given the current market conditions and recent news:
⢠Trade Type: Long Position
⢠Entry Point: If XRP breaks above the resistance level of $2.17 with increased volume, consider entering a long position.
⢠Stop-Loss: Place a stop-loss order at $2.09 to manage potential downside risk.
⢠Take-Profit Targets:
⢠First Target: $2.25
⢠Second Target: $2.30 ￟
Risk Management:
⢠Use a leverage ratio of 3x to 5x to mitigate potential losses.
⢠Avoid trading during periods of low volume or high volatility without clear directional bias.