Target Achieved! 🚀
Trading Pair: $XRP /USDT
Current Price: $2.2515 (+4.79%)
XRP has been trading with high volatility, testing key resistance and support levels. Below is the analysis for the next potential moves:
Key Levels:
1. Target 1 (Achieved): $2.3000
Strong resistance that led to a pullback after testing.
2. Target 2 (Next Up): $2.3850
A key level near the 24-hour high. A breakout here could lead to further momentum.
3. Target 3 (Final Resistance): $2.4000
A critical psychological level and potential short-term peak.
Action Plan:
Short-Term Traders: Consider partial profit-taking at $2.3000 and prepare for potential entry on a breakout towards $2.3850.
Long-Term Investors: Hold positions but trail stop-loss to protect recent gains.
Technical Indicators:
Support Zone: $2.2000
Resistance Zone: $2.3850-$2.4000
XRP’s current retracement suggests consolidation. A breakout above $2.3000 could signal bullish momentum, while a dip below $2.2000 may trigger further corrections.