๐จ XRP/USDT Update โ Quick Breakdown for the Fam! ๐จ
Alright guys, letโs get straight to the point. XRPโs moving in a tight spot right now, and Iโm seeing two possible plays coming up.
๐ The Setup:
- XRP was in a nice uptrend but **broke out of the channel โ which usually means a shift is coming.
Key Zones Iโm Watching
- Demand (Support)โ Around 2.40 and 2.35. These are areas where buyers could step in.
- Supply (Resistance) โ Sitting at 2.50-2.52 This is where I expect sellers to show up if XRP pushes higher.
๐ฎ Possible Moves (Keep It Simple):
1. Bullish Bounce (Green Path)
- If XRP holds around 2.40, we could see a bounce up towards 2.50+.
- Iโm keeping an eye on how price reacts here. If we get strong candles or multiple taps, Iโm looking for long entries.
2. Bearish Drop (Red Path)
- If 2.40 breaks, expect XRP to head down towards 2.35 or lower.
- Iโll wait for a clean break before considering any shorts.
๐ฏ My Plan:
Long โ Iโm eyeing a buy around 2.40 with a target at 2.50+.Stop loss tucked just below 2.38.
Short โ If XRP breaks under 2.40, Iโll look for a short targeting 2.35.
Thisis a clean setup, but patience is key. Let the price show its hand first. Iโll update if anything shifts.
Stay sharp, and trade safe! ๐ธ