$XRP #CryptoMarketDip

🚨Technical Analysis🚨:

1. Price Trend🔔:

The XRP/USDT pair is currently trading at $2.3262, down 5.19%, showing a bearish trend in the last session.

Key levels:

Resistance: $2.3660 (recent high), $2.4535 (24-hour high).

Support: $2.2572 (24-hour low), $2.2114 (strong support zone).

Trading Signal:

Scenario 1: Bullish Reversal Trade (Bounce from Support)

Entry Point: Buy near $2.27 (just above lower Bollinger Band support).

Stop-Loss: Place below $2.21 (strong support zone).

Take-Profit Targets:

TP1: $2.36 (middle Bollinger Band/resistance zone).

TP2: $2.45 (24-hour high).

Scenario 2: Bearish Continuation Trade (Breakdown)

Entry Point: Sell near $2.36 (middle Bollinger Band resistance).

Stop-Loss: Place above $2.45 (recent high).

Take-Profit Targets:

TP1: $2.27 (lower Bollinger Band/support zone).

TP2: $2.21 (key support zone).

Risk-Reward Considerations:

For a buy trade, ensure confirmation with increasing volume and bullish candlesticks near $2.27.

For a sell trade, look for rejection candles or a break below $2.27 with strong volume.