XRP: Pullback Opportunity?
Support Appears, Rebound or Downtrend?
Key Levels to Help You Position Accurately!
Market Analysis
XRP has recently experienced a certain degree of pullback, and market sentiment is cautious, with the overall trend tending towards consolidation. The current price is near the support area, and there may be an opportunity for a short-term stabilization rebound, but further downside risks should be monitored.
Support and Resistance
• Support Levels: 2.10, 2.00, 1.85
• Resistance Levels: 2.25, 2.35, 2.50
Short-term Trading Strategy
1. Long Position Plan
• Entry: 2.14
• Add Position: 2.00
• Stop Loss: 1.80
• Take Profit: 2.25, 2.35, 2.50
2. Short Position Plan
• Entry: 2.25
• Add Position: 2.35
• Stop Loss: 2.55
• Take Profit: 2.10, 2.00, 1.85
My Prediction
Favoring Long, expecting XRP to form a rebound in the support area, and after breaking through recent resistance levels, it is likely to show an upward trend.
【Daily analysis of mainstream coins and altcoins will be shared with my brothers, and everyone can click on the trading pairs in the article for trading. Wishing my brothers and sisters a bountiful profit!】