$XRP
Ready for breakout – Key zones for monitoring
$XRP is trading at a price of $2.3554, showing signs of stabilization after recent volatility. The chart highlights critical levels of resistance and support, indicating potential breakout or breakdown scenarios.
Trading setup:
Long position: above $2.4200, with a target of $2.5000 and $2.5800.
Short position: below $2.3300, with a target of $2.2800 and $2.2000.
Stop-loss: Set a stop-loss at $2.3500 for both long and short positions to reduce risks.
Market:
$XRP faces resistance at $2.4200, a critical level for confirming a bullish breakout. On the downside, losing the $2.3300 level may expose the asset to deeper corrections. Volume and momentum will be key to determining the next major move.
