$XRP

/USDT Dip Move Confirm 💯 Ready For Next Target 🎯 🚀

Technical Indicators:

1. Trend: Bearish in the short term (15m, 1h) with potential support at $2.20.

2. Resistance: $2.40 (recent high and psychological level).

3. Indicators:

Bollinger Bands: Price near the lower band, indicating oversold conditions.

MACD: Bearish crossover on smaller timeframes, but watch for a potential reversal.

RSI: Near oversold zone (<35), signaling a possible bounce.

EMA Levels:

Short-term EMA (10): $2.32 (acting as resistance).

Medium-term EMA (50): $2.35.

Trade Strategy:

Entry Point:

Long Position: Near $2.20 (support level).

Short Position: Below $2.20 with confirmation of breakdown.

Targets (🎯):

1. Target 1: $2.30 (initial resistance, test of EMA-10).

2. Target 2: $2.35 (EMA-50 and mid-range resistance).

3. Target 3: $2.40 (24H high and strong resistance zone).

Stop-Loss:

For longs: $2.18 (below support).

For shorts: $2.25 (above breakout level).

Risk-Reward:

Ensure a minimum 2:1 risk-to-reward ratio for trade execution.

Watch for volume confirmation before entering trades.

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