$XRP /USDT - Consolidating Near Key Resistance

Current Price: $2.1844 (+0.78%)

24H High: $2.2379

24H Low: $2.1532

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Key Levels to Watch:

Support: $2.1500

Resistance: $2.2400

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Market Overview:

$XRP is consolidating after testing the $2.2379 resistance level. The recent price movement indicates a possible accumulation phase as traders weigh their next moves. Moderate trading volume suggests a balanced sentiment between buyers and sellers.

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Trading Strategy:

For Long Positions:

Entry Zone: $2.1600 - $2.1900

Target 1: $2.2400

Target 2: $2.3000

Stop Loss: $2.1400

For Short Positions:

Entry Zone: $2.2200 - $2.2400

Target 1: $2.1800

Target 2: $2.1500

Stop Loss: $2.2600

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Observation:

XRP's price remains steady near the $2.18 level, suggesting possible breakout potential. If bullish momentum persists, XRP could breach $2.24 and head towards $2.30. However, a failure to hold the $2.15 support may result in a short-term pullback.

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