$XRP /USDT Technical Analysis & Targets
Current Price Action: XRP/USDT is trading at $2.3006, showing slight retracement after recent bullish momentum. The 30-minute timeframe indicates consolidation near resistance levels.
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Key Levels:
1. Target 1: $2.350
XRP is approaching a key resistance at $2.350. A breakout above this level could lead to strong bullish continuation.
2. Target 2: $2.450
If momentum sustains, the next significant resistance is $2.450, aligning with previous liquidity zones.
3. Target 3: $2.600
A successful breach of $2.450 sets the stage for a longer-term move toward $2.600, indicating higher investor confidence.
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Trading Strategy:
Consider partial profit booking at $2.350 and $2.450.
Adjust stop-loss to secure gains as price progresses.
Watch for volume spikes to confirm upward momentum.
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Outlook:
The broader trend remains bullish as XRP has gained over 284% in 90 days, showing resilience. Traders should closely monitor the upcoming breakout and manage risk accordingly.