Namaskar LuckySevenTrader Community:


On the 1-hour timeframe, #XRP/USDT has demonstrated strong support at the $2.22 level, holding this zone multiple times. This critical support, highlighted by the blue rectangle, has become a foundation for a bullish setup.

As the price repeatedly tested this support, a descending trendline (marked in red) formed, creating a bullish triangle pattern. This pattern typically signals a potential upward breakout—and that’s exactly what happened. XRP has broken out of the triangle, indicating a bullish move ahead.

Trade Setup Details

Entry Points

  • Spot or Futures: $2.30–$2.38

Targets

  1. Target 1: $2.57

  2. Target 2: $2.68

  3. Target 3: $3.00

  4. Hold for Higher Pump: After reaching T3, move stop loss to entry and let the trade ride the momentum.

Stop Loss

  • $2.217: Placed below the recent support level to manage risk effectively.

Risk-to-Reward Ratio

  • 1:5.84: A highly favorable ratio, making this trade worth considering with proper risk management.

Why This Setup Stands Out

  1. Strong Support Zone
    XRP’s consistent support at $2.22 suggests a high level of buyer interest in this area, strengthening the bullish case.

  2. Bullish Triangle Breakout
    The descending trendline breakout is a classic bullish signal, supported by increasing volume.

  3. Strategic Risk Management
    A tight stop loss combined with a high risk-reward ratio ensures this trade balances opportunity with risk.

Short-Term Outlook

With the triangle breakout confirmed, XRP/USDT is poised for upward momentum in the short term. The outlined targets provide logical levels for taking profits, while trailing the stop loss allows you to maximize gains in case of a stronger rally.

Remember: Always trade with proper risk management and adjust your position size based on your account and risk tolerance.

This is not financial advice. Trade responsibly!

#LuckySevenTrader #XRP/USDT🔥🔥: #BullRunAhead #Follow_Me_For_More
$XRP