$XRP Testing New Highs After Breakout - Continuation or Pullback?
XRP is currently trading at $2.3250, consolidating around a significant resistance level after a recent strong upward move. Its immediate movement will determine if it breaks out to new highs or experiences a pullback.
Key Levels to Watch:
Resistance: $2.3250 - A confirmed move above this immediate resistance could target $2.3290 and potentially $2.3300.
Support: $2.3204 - Losing this critical level could send XRP toward previous consolidation levels.
Trade Setup - Anticipate a Breakout or Rejection!
Bullish Entry: A confirmed move and sustain above $2.3250 could target:
Target 1: $2.3290 (approx.)
Target 2: $2.3300 (approx.)
Bearish Entry: A rejection from $2.3250 or a break below $2.3204 could target:
Target 1: $2.3150 (approx.)
Target 2: $2.3100 (approx.)
XRP is consolidating at a key resistance after a strong breakout. A clear break above $2.3250 could lead to further upside, while rejection might lead to a retest of support.