XRP has recently entered the breakout stage of a longer-term bull pennant pattern, indicating potential for a significant rally.
The price has surpassed the 1.618 Fibonacci level at $3.03, with the next target at the 2.618 level of $4.82.
XRP is currently trading above its 50-week and 200-week EMAs, reinforcing bullish momentum.
Bullish Setup:
Holding support above $3.00 suggests potential for further gains toward $3.50 and beyond.
A breakout above $3.20 could confirm momentum toward higher targets.
Pro Tip:
Consider taking partial profits at TP1 and TP2, and adjust your stop loss to breakeven after reaching TP1 to secure gains and manage risk effectively. 🚀
*Note: Cryptocurrency investments carry inherent risks. Conduct thorough research and consider your risk tolerance before making investment decisions.*
$JTO /USDT is showing signs of consolidation near $3.1800, indicating a potential rebound. Maintain a cautious approach by securing partial profits at the first target. Ensure stop losses are managed effectively to account for market volatility.