$XRP is trading at $2.1939, showing signs of recovery as it approaches resistance at $2.2356. The price is consolidating, and a breakout or breakdown will define the next significant move.
Trade Setup:
Long Setup:
Entry: Above $2.2400 (Breakout confirmation)
Stop Loss (SL): $2.1800
Take Profit 1 (TP1): $2.3000
Take Profit 2 (TP2): $2.3500
Short Setup:
Entry: Below $2.1600 (Breakdown confirmation)
Stop Loss (SL): $2.2000
Take Profit 1 (TP1): $2.1000
Take Profit 2 (TP2): $2.0500
Technical Outlook:
$XRP is attempting to break past its resistance zone of $2.2400. If successful, bullish momentum could push it toward $2.3500. Conversely, failure to sustain above $2.1600 might lead to a pullback toward lower support levels.
Traders should wait for volume confirmation and manage risk with tight stop-loss levels to protect against unexpected moves.
