📊 Analysis XRP/USDT (30m) — June 19, 2025
Current Price: 2.1526 USDT
🔍 Pattern Formed:
The price is forming a small descending channel, indicating potential breakout upwards if there is incoming volume.
There is strong support around 2.1181 and minor resistance at 2.2035, as well as major resistance at 2.2516.
✅ Long Entry Scenario:
Aggressive Entry:
When the price is still within the descending channel (±2.14–2.15)
🎯 Entry: 2.1450 – 2.1520
🛡 SL: 2.1150 (below support 2.1181)
🎯 TP 1: 2.2035 (minor resistance)
🎯 TP 2: 2.2516 (major resistance)
🚀 Potential breakout if large volume comes in
Confirmation Entry (Conservative):
Entry when the price breaks and closes above the area of 2.2035
🎯 Entry: 2.2050 – 2.2100
🛡 SL: 2.1800
🎯 TP: 2.2500 – 2.2600
🧠 Note: this entry is safer as it waits for breakout confirmation 📈
📌 Additional Notes:
Volume is still moderate, ensure there is buyer momentum before entering a large position.
The red area (2.2035) could be a bounce zone, pay attention to price action when touching that area.
Entry within the channel is suitable for scalping or short-term positions.
✨ Conclusion:
📉 The current price is still held in a descending channel, but there is potential for reversal from support 2.1181
📈 Main target if it manages to break: 2.2516
🚀 The potential rally will be greater if it can surpass 2.2035 with strong volume.