assalamualaikum 🤝

Hello everyone 👇

Today Update #XRP

Chart Summary:

Current Price: $2.3872

24h High/Low: $2.4090 / $2.2827

Moving Averages (MA):

MA(7): $2.4092 (short-term resistance)

MA(25): $2.3138 (medium support)

MA(99): $2.2987 (long-term support)

RSI (6): 49.43 (neutral)

Recent Low: $2.0777

Recent High: $2.6549

---

Trade Plan:

Entry Point:

Buy Between: $2.33 – $2.38

Reason: Close to MA(25) and MA(99), suggesting a possible bounce.

Take Profit:

Target 1 (TP1): $2.54

Target 2 (TP2): $2.65

Reason: Both are resistance levels and previous highs.

Stop Loss:

SL: $2.27

Reason: Below the 24h low and key moving averages.

---

Risk/Reward Analysis:

Entry: $2.35

Stop Loss: $2.27 → Loss: $0.08

Take Profit 1: $2.54 → Profit: $0.19

Take Profit 2: $2.65 → Profit: $0.30

Risk/Reward for TP1: ≈ 1:2.4

Risk/Reward for TP2: ≈ 1:3.75

#XRP#Binance#Sqaure