$XRP
– Long trade signal 🟢
30-minute moving averages consolidation – Volatility pressure 📉
Support remains above 2.88
– Ready for takeoff 🚀
XRP is tightly constricted between the 7 moving average ($2.8874) and the 25 ($2.8937) and 99 ($2.8850) on the 30-minute chart. This moving averages consolidation shows strong balance and potential for a breakout. The price remains above a key local support at $2.8850, indicating that buyers are holding well.
Trade Setup
• Entry Point: $2.8850 – $2.8910
• Stop Loss: $2.8620
• Take Profit:
• TP1: $2.9460
• TP2: $2.9630
• Margin: 2-3% of portfolio
• Leverage: 10x
Market Outlook:
XRP is consolidating within a narrow range of moving averages and is preparing for a decisive move. A bullish breakout above $2.90 may accelerate momentum towards the $2.96 area.
