$XRP /USDT Trading Signal – Consolidation Within a Bullish Channel

Observation: The $XRP /USDT pair is trading at $2.4440, showing resilience after testing the $2.3641 support level and peaking at $2.5090. The current price action indicates potential for another move toward resistance levels.

Trade Setup:

Entry Zone (Long): $2.4200 - $2.4500

Targets:

1. Target 1: $2.4900 (Immediate resistance)

2. Target 2: $2.5400 (Recent high breakout level)

3. Target 3: $2.6000 (Extended bullish target)

Stop Loss: $2.3600 (Below strong support to manage risk)

Market Insight: With significant volume and bullish sentiment, $XRP is maintaining its momentum within a range. A breakout above $2.4900 could lead to higher targets, while support near $2.4200 provides a good entry point for swing traders.

Pro Tip: Take partial profits at each target and move stop loss closer as the price progresses to maximize returns.

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