The $XRP /USDT pair has been on a strong bullish run, with the price surging over 16% in the past 24 hours. The chart is displaying a clear uptrend, with higher highs and higher lows. The current price is trading above all key moving averages, indicating strong bullish momentum.

Key Support and Resistance Levels:

Strong Support: $0.5753 (200-day moving average)

Immediate Support: $0.6632 (recent swing low)

Immediate Resistance: $0.7398 (24-hour high)

Strong Resistance: $0.7511 (psychological level)

Entry Signal:

A potential entry signal could be a pullback to the $0.6632 support level. If the price finds support at this level and bounces back, it could be a good opportunity to enter a long position with a stop-loss below the recent swing low.

Trading Strategy:

Long Position: Buy XRP/USDT near $0.6632 with a stop-loss below $0.5753 and a take-profit target of $0.7511.

Disclaimer:

This analysis is for informational purposes only and should not be considered financial advice. It's essential to conduct your own research or consult with a financial advisor before making any investment decisions.

Additional Considerations:

Market Sentiment: The overall market sentiment is currently bullish for XRP.#WillBTCBreak100KSoon #cryptomarketcapATH #BTCBreaks89k #Devcon2024 #Write2Earn!