all supports broken ☺️

$XRP /USDT - Technical Analysis

Current Price: $2.312 (+5.01%)
24H High: $2.329
24H Low: $2.133

Target Levels:

1. Target 1: $2.400

Resistance Zone: A psychological level and a near-term resistance. Breaking this level can confirm bullish continuation.

2. Target 2: $2.500

Mid-Term Target: Sustaining above $2.400 with volume could push the price to this next resistance level.

3. Target 3: $2.700

Major Bullish Target: This level would signal a strong continuation of the bullish trend and a significant gain for long-term investors.

Action Plan:

For Traders:

Secure Partial Profits: Near $2.400 to lock in gains.

Stop-Loss: Adjust stop-loss to $2.250 after achieving the first target.

Watch for volume and price action confirmation near $2.400 for potential continuation.

For Investors:

Consider adding positions on dips above $2.250 for a long-term move toward $2.700.

Look for consistent price action above $2.400 for stronger accumulation zones.

Technical Indicators:

Momentum: Strong bullish breakout seen above $2.300 with increased volume.

Support Levels: Immediate support at $2.250 and stronger support at $2.200.

RSI: Monitor for overbought levels near $2.400, which could lead to a short-term correction.

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