$XRP Based on the chart and the highlighted Fibonacci levels, the analysis indicates that the current price of $2.3789 is in a strategic region between 0.618 ($2.5166) and 0.382 ($2.2831), suggesting a possible accumulation zone and a good entry point.
Entry, TP and SL Analysis
Entry Point: $2,380 (value close to the current price).
Take Profit (TP):
Target 1 (short term): $2,516 (close to the 0.618 line).
Target 2 (medium term): $2,682 (close to the 0.786 line).
Stop Loss (SL): $2,280 (below the 0.382 support to protect capital).
Reasons for Entry
The Fibonacci retracement between 0.382 and 0.618 is considered a high probability zone for trend reversal in financial markets.
The RSI shows no signs of overbought, indicating potential for upward movement.
The trading volume is reasonable, suggesting market interest.
It is recommended to closely monitor the price movement and adjust the TP and SL levels as the market evolves.