🚨 $XRP /USDT Approaches Key Resistance: Will $2.25 Lead to a Breakout? 🚨
XRP is trading at $2.2501, showing a 3.53% gain in the last 24 hours. After rebounding from a low of $2.1334, the price is eyeing critical resistance levels that could pave the way for a potential rally.
Targets for the Upside:
1. $2.2789 – Immediate resistance; a breakout could ignite bullish momentum.
2. $2.3300 – Key psychological level and mid-term target.
3. $2.4800 – Major resistance and potential rally point.
Support Levels to Watch:
$2.2000 – Strong support to sustain upward momentum.
$2.1300 – Critical support level; a breakdown here could signal further downside.
Trade Setup:
Long Entry: Above $2.2789 with targets at $2.3300 and $2.4800.
Short Entry: Below $2.2000 targeting $2.1300.
Stop-loss: Set below $2.1300 for risk management.
⚠️ Market Insight: XRP's current price action is supported by steady volume. Watch for a breakout above resistance or a dip to support for optimal entries.
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