🚨 $XRP /USDT - Building Momentum! 🚨
Current Price: $2.3085 (+3.02%)
Timeframe: 4H Chart (Binance)
Ripple (XRP) is showing early signs of recovery after a pullback from the recent high of $2.7281. The price has found support near $2.22 and is now attempting to regain upward momentum.
Key Levels:
Entry Zone: $2.28–$2.32
Immediate Target: $2.50
Extended Target: $2.72
Risk Management:
Stop Loss: $2.20
Analysis:
The consolidation phase above $2.22 suggests that buyers are stepping in to defend this key support level. A break above $2.35 could trigger further upside, targeting $2.50 initially and potentially $2.72 if momentum strengthens.
Trading Advice:
Traders should monitor for a clean breakout above $2.35 and consider securing partial profits near $2.50. Adjust stop-loss levels to protect capital in case of unexpected reversals.
Keep an eye on the volume, as it will confirm the strength of the next move!
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