$XRP Trading Setup for Today:
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XRP is currently trading in a sideways triangle pattern, nearing its upper boundary. If the price breaks above key levels of $0.642 and $0.613, a potential rally could take XRP as high as $0.86. Traders are closely watching these critical points, with a breakout signalling a stronger upward movement. Keep an eye on Fibonacci extensions and invalidation levels to better understand possible price targets and manage risk effectively.
Trading : XRP/USDT
- Entry Price: $0.5870 (current price)
- Stop Loss (SL): $0.5750 (below recent support)
- Breakout Point (BP): $0.6130 (key resistance level)
- Take Profit (TP): $0.7200 (first target), $0.8600 (extended target)
This trade setup aims to capture a potential breakout above $0.613, with careful risk management using a stop loss below recent support at $0.5750.