$XRP $XRP $XRP

$XRP/USDT Trading Strategy

Key Levels

  • Immediate Resistance (Target 1): $1.1635

  • Secondary Resistance (Target 2): $1.1840

  • Extended Resistance: $1.2000

  • Immediate Support (Stop Loss): $1.0342

  • Deeper Support: $0.8846

  • Critical Support: $0.8585

Trading Plan

  1. Entry Zone: $1.1100 to $1.1400

    • Look for a retracement toward $1.1100 for a favorable entry.

  2. Targets:

    • Target 1: $1.1635

    • Target 2: $1.1840

    • Extended Target: $1.2000

  3. Stop Loss:

    • $1.0342: Tight stop for aggressive trades.

    • $0.8846: Conservative stop for long-term holds.

Risk Management

  • Risk-to-Reward Ratio: Maintain at least 1:2.

  • Position Size: Adjust to risk tolerance, considering volatility.

Analysis

  • Trend: Bullish momentum, with XRP up 29.42%.

  • Volume: Strong market activity with 24h volume at 1.85B XRP and $1.81B USDT, indicating buyer interest.

If $1.1635 is breached with significant volume, expect a move toward $1.2000. A breakdown below $1.0342 could signal a retracement to deeper supports around $0.8846. #TradingSignals #TradingTips" #XRPGoal #DEXXBreach #USDebt36Trillion