š„$XRP /USDT ā BULLS RECLAIM CONTROL! STRONG BREAKOUT FROM KEY SUPPORT ZONE
$XRP /USDT has rebounded sharply from the $2.0671 level, which acted as a strong support zone. After several hours of consolidation, the price has broken out with bullish momentum, confirming short-term strength on the 1H chart. A bullish engulfing pattern followed by continued green candles shows buyer dominance.
Analysis Insight:
XRP tested the $2.07 support multiple times and held firm.
Volume is picking up, suggesting accumulation by bulls.
Current price action is forming higher highs and higher lows ā a classic bullish signal.
A rejection from $2.1556 (24h high) is temporary; a retest is highly possible.
Trade Setup:
ā Entry Point: $2.13 (current market price)
šÆ Target 1: $2.18
šÆ Target 2: $2.21
ā Stop Loss: $2.09 (below recent consolidation zone)
Timeframe: 1H ā Short-Term Trade Setup
Risk-Reward Idea:
The risk/reward ratio for this trade is favorable, with limited downside and strong upside potential if the bullish momentum continues.
> Watch for volume confirmation and potential breakout above $2.1556 for extended targets.
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