$XRP /USDT Technical Analysis

Current Scenario:

The XRP/USDT pair is currently trading at $1.1272, up 4.87% in the last 24 hours. The price has been steadily rising over the past few days, breaking above the previous resistance level of $1.05. The current price action suggests a bullish momentum in the market.

Trading Levels:

* Long Entry: $1.15 (Breakout of the current resistance level)

* Long Target: $1.25 (Next resistance level)

* Long Stop Loss: $1.08 (Below the recent support level)

Short Entry: $1.10 (Retracement to the previous support level)

* Short Target: $0.95 (Next support level)

* Short Stop Loss: $1.15 (Above the current resistance level)

Market Outlook:

The bullish trend is likely to continue in the short term. However, a pullback to the $1.10 level cannot be ruled out. If the price breaks above the $1.25 level, it could signal a further uptrend. On the other hand, a break below the $1.08 level could indicate a bearish reversal.

Leverage:

* Long: 2x to 3x leverage

* Short: 1x to 2x leverage

Disclaimer:

This analysis is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.

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