$XRP
XRP/USDT: Bullish Momentum Returns
After a recent price dip, XRP has shown a strong recovery, indicating renewed buying interest. This rebound is supported by solid trading volume and a bullish engulfing pattern on the 15-minute chart, suggesting the coin is gaining momentum to retest its recent highs.
With its large market cap and deep liquidity, XRP often experiences significant price swings. A decisive break above the $2.80 level, backed by strong volume, could signal the next phase of this rally.
Current Status & Key Levels
* Current Price: $2.7940 (+8.58%)
* Support: $2.7500
* Resistance: $2.9750
Trading Plan
* Entry Zone: $2.7800 – $2.8000
* Take Profit (TP) Targets:
* TP1: $2.8600
* TP2: $2.9200
* TP3: $2.9750
* Stop Loss (SL): $2.7300
Confirmation Tip:
For a confirmed entry, it's recommended to wait for a 15-minute candle to close above $2.80 with strong volume. This would provide further evidence of a sustained upward move.