Analysis for $XRP

Current Price: $2.3306 (+0.52%)

24h High: $2.4317

24h Low: $2.1595

Market Analysis:

The chart indicates a recovery from a low of $2.1595, forming a bullish candlestick pattern near $2.2964 support. The resistance level around $2.4548 suggests potential for further upside if momentum continues.

Trend: Short-term bullish

Key Support Levels: $2.2964, $2.1595

Key Resistance Levels: $2.4548, $2.5917

Trading Signal:

Entry Point: $2.33 (current price)

Take Profit (TP):

TP1: $2.45

TP2: $2.59

Stop Loss (SL): $2.29 (just below support)

Risk Management:

Consider securing partial profits at TP1 and adjusting stop loss to breakeven.

Watch for a breakout above $2.45 for additional momentum.

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#CryptoSignals #XRPUSDT #Binance #CryptoTrading #TradingAnalysis