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