$XRP

Technical Analysis Summary:

Current Price: $2.3085 (+8.59% in 24h)

Trend: Strong bullish trend, with consistent higher highs and higher lows.

Moving Averages:

MA(7): $2.2953 (short-term support, price just above it)

MA(25): $2.2253 (medium-term support)

MA(99): $2.1574 (long-term support, breakout level)

Volume: Increasing, signaling accumulation and strong momentum.

Resistance: Immediate at $2.3330 (24h high)

Support: Near $2.2940 and stronger at $2.2250

---

Suggested Spot Trading Setup:

1. Entry Points:

Primary Entry (Dip Buy): Around $2.2950 - $2.3050, ideally if it tests the 7-period MA and holds.

Breakout Entry: On a candle close above $2.3330 with increased volume.

---

2. Stop-Loss Placement:

Conservative Stop-Loss: Below $2.2250 (below MA 25 and last support).

Aggressive Stop-Loss: Below $2.2750 (tight under short-term support).

---

3. Take-Profit Target(s):

TP1: $2.38 – short-term extension.

TP2: $2.45 – next psychological round level.

TP3 (Extended): $2.60 – if momentum sustains, aligning with prior high zones from larger timeframes.

---

Risk/Reward Snapshot (Example Setup):

Entry: $2.3050

Stop-Loss: $2.2750

TP1: $2.38

TP2: $2.45

Risk: $0.03, Reward: $0.075 to $0.145

R:R Ratio = 2.5x – 4.8x