Are you sure you want to trade $XRP
Read my analysis carefully!
XRP's price has shown some recovery and is currently positioned above both the MA(7) and MA(25), indicating short to mid-term bullish momentum. However, it is still below the MA(99), suggesting that there is still long-term resistance to overcome.
Entry Points: Given the bullish signals from the MAs and RSI, a potential entry point could be on any short retracements that hold above the MA(25). This could be a strategic approach if you expect continued bullish momentum.
Take Profit Points: Considering the resistance posed by the MA(99) and previous price interactions around $0.56-$0.58, setting initial take profit levels just below these points may capture potential resistance reversals.
Let me know what you think about.
