$XRP

Technical Analysis

1. Automated Analysis Indicators:

TradingView analysis gives a "Buy" rating on the daily and weekly timeframe, with a strong recommendation on moving averages

On the Investing.com platform, daily and weekly indicators show Strong Buy signals, with a clear absence of selling pressure

2. Exchange Signals:

Binance platform indicates a breakout above the resistance range at 2.2312 USDT and the area turning into support, supporting a bullish continuation scenario

3. Important Support and Resistance:

Key Support: 2.20–2.23 USDT

Next Resistance: 2.295 and 2.386, with an extended option towards ~2.488 USDT

4. Potential Technical Scenario:

Ascending price structure model with higher highs/lows

Momentum is positive, RSI is high without the double top in overbought (RSI ~69)

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🎯 My Instant Recommendations:

✔️ If you are thinking of entering:

A long position seems supported as long as the price is above support 2.20–2.23

Place a stop loss slightly below 2.20 (~2.18) to avoid breaking support

🎯 Potential Targets:

First target: 2.386 USDT

Extended target (long-term): 2.488 USDT if momentum continues and strong breakout occurs

⚠️ If you are currently in the trade:

Stay in as long as the price is above 2.231–2.235 USDT with clear momentum

Take some profit at 2.386

If the price breaks 2.23 or 2.20 with a close and volatility, consider exiting to secure profits or stop loss

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