$XRP Breakout or Pullback?
The chart for XRP/USDT shows the price currently at $2.4026, with a slight gain of 0.41%. The price has been consolidating and is now testing key support and resistance levels.
Key Levels to Watch
• Resistance: $2.4034 – A breakout above this level could push the price toward $2.4100 and potentially $2.4200.
• Support: $2.3963 – A break below this could lead the price to decline toward $2.3900 and $2.3800.
Trade Setup - Prepare for Volatility
• Bullish Entry: A confirmed move above $2.4034 could target:
• Tip 1: $2.4100
• Tip 2: $2.4200
• Bearish Entry: A break below $2.3963 could target:
• Tip 1: $2.3900
• Tip 2: $2.3800
Stop-Loss: Use tight stop-loss orders to manage risk effectively around key support and resistance levels.