🟢 ANALYSIS OF XRP BUY SIGNAL – D1 FRAME
priority to hold large spot volume
1. Technical:
XRP has broken out of a strong resistance zone (around 2.90 - 3.00 USDT), previously a peak area that was rejected multiple times.
After the breakout, the price is currently retesting the breakout area (current price ~2.95 USDT), creating a safe entry opportunity.
The new support zone (green box) has been confirmed as a flip zone (old resistance turning into new support).
2. Trading plan:
✅ Entry around the current zone of 2.90 – 2.95 USDT (prioritize DCA if the price continues to fluctuate).
🛑 Stoploss: below the support zone of 2.5 USDT (red line).
🎯 Short-term target: 3.75 – 4.00 USDT (nearest peak).
🎯 Long-term target: 5.00+ USDT if the market maintains a strong upward trend.
3. Arguments supporting the buy signal:
The price is experiencing a slight pullback after a strong increase, and a bullish flag/pennant pattern is forming.
Volume is gradually decreasing during the correction – a positive signal for a continuation of the upward trend.
RSI has not entered the overbought zone, leaving room for further increases.
📌 CONCLUSION:
XRP is in a potential buying zone, after the breakout and retest of an important support level. The current price presents a good entry opportunity with low risk, and a nice R:R ratio if discipline and capital management are followed.
