$XRP /USDT BULLISH REVERSAL SIGNAL — BOUNCE INITIATED FROM SWING LOW AT $2.05!
$XRP has just rebounded sharply after a deep correction from the $2.2821 local high down to the key support at $2.0591. The current 4H candle structure shows a bullish engulfing setup forming just above $2.10 — a classic reversal signal suggesting momentum could flip back in favor of the bulls.
Trade Setup (LONG):
Entry Price: $2.11 – $2.14
Target 1: $2.19
Target 2: $2.24
Target 3: $2.28
Stop Loss: $2.05
Why Long?
XRP defended the $2.05 demand zone with a strong recovery candle, breaking short-term lower lows and printing a reversal signal. This suggests dip buyers are stepping in. A close above $2.14 will further confirm short-term bullish momentum toward upper resistance bands.
Market Outlook:
The structure now favors a bullish retracement. As long as XRP holds above $2.10, there's a solid chance of reclaiming mid-range zones around $2.20–$2.24. Watch volume closely to validate the breakout continuation.
Risk Management Tip:
Keep SL tight below $2.05 to minimize downside risk. Use trailing stops once price moves above $2.19 to protect gains.
Don’t let this vertical breakout leave you behind — smart entries now can lead to explosive exits!
This is your moment — ride the bullish wave before it vanishes