XRP/USDT Strategy at 1.6

1. Identify Key Levels:

Resistance:

First strong level: 1.75 USDT (next psychological barrier).

Second level: 1.90 - 2.00 USDT (key psychological zone if the uptrend continues).

Immediate Support:

First support: 1.50 USDT (key zone where it could find buyers).

Second support: 1.30 - 1.35 USDT.

2. Trading Scenarios:

Bullish Scenario:

Breakout of 1.75 USDT:

Buy if XRP breaks 1.75 USDT with high volume.

Target 1: 1.90 USDT.

Target 2: 2.00 - 2.05 USDT.

Stop-Loss: 1.65 USDT (to limit losses if the breakout fails).

Bounce from Support:

Buy near 1.50 USDT:

If XRP pulls back towards 1.50 USDT, look for an entry there.

Target: 1.70 - 1.75 USDT.

Stop-Loss: 1.45 USDT.

Bearish Scenario:

If XRP loses 1.50 USDT, a drop towards 1.30 - 1.35 USDT is possible:

Buy near 1.30 USDT for a bounce.

Target: 1.50 USDT.

Stop-Loss: 1.25 USDT.

3. Technical Indicators to Watch:

RSI:

If it is above 70, a correction is likely before further upside.

If it is near 50 and starts to turn up, it may indicate bullish strength.

MACD:

Look for bullish crossovers as confirmation to enter.

Avoid trading if the MACD lines are too far apart (sign of exhaustion).

Volume:

It is key to confirm any breakout or bounce. Without volume, it is better not to trade. $XRP