🚀 "XRP on the Launchpad: $3.03 Breakout Hints at the Next Bullish Journey"🤔🔐👇
After a patient accumulation phase, $XRP just gave a strong breakout on the 1H chart, closing decisively above the key resistance level of $3.03 — a level it respected for multiple sessions. The volume spike and long bullish candle confirm this was not a fakeout, but a calculated push likely backed by smart money.
On the 1-hour timeframe, XRP fired a powerful green candle through the 200 EMA, confirming a trend reversal from sideways to bullish. Price hit $3.0656 and closed above the red 200 EMA at $3.0316, which now acts as a near-term support level.
The RSI on 1H is 74.15, hinting at strength — but not yet extreme overbought. It still leaves room for $XRP to continue toward the next intraday resistance zone of $3.10 – $3.15.
🔍 On the 1-Day Chart:
The daily candle shows a clear bullish engulfing pattern with a strong push off the blue 100 EMA support at $2.79, reclaiming the green 50 EMA at $3.02.
Even more interestingly, RSI on the daily has bounced from oversold levels and is currently at 54.01, curving upward and trying to cross the MA RSI line at 58.00. This divergence setup indicates early signs of a larger swing reversal.
If $XRP closes above $3.10 on the daily, we could see continuation toward the next major supply zone around $3.35–$3.60, especially since the selling volume on previous red candles was declining.
💹 Trade Strategy (Bullish):🔥
Entry Zone: $3.03 – $3.05 (Post breakout retest)
Current Price: $3.0656
Target 1: $3.15 (Scalp)
Target 2: $3.35 (Swing)
Target 3: $3.60 (Macro resistance)
Stop Loss: $2.97 (Below breakout candle + EMA confluence)
Trade Duration: 1-2 days (short-term swing)
🧠 Pro Tip:
Breakouts with RSI strength and EMA confluence are more reliable. Monitor the $3.10 zone closely — if price gets rejected here with long wicks, consider booking partial profits.
📉 This is not financial advice.