$XRP /USDT: Oversold Opportunity with Rebound Potential
$XRP /USDT is currently trading at $2.2253, showing signs of potential recovery after hitting a recent low of $2.1915. With the RSI at 27.60, the pair has entered the oversold territory, suggesting a possible bounce. Key support lies at $2.1900, while immediate resistance levels are $2.2500 and $2.2800. A suitable entry zone for this setup is between $2.2100 and $2.2250, with conservative profit targets at $2.2500 (TP1), $2.2700 (TP2), and $2.3000 (TP3). To limit risk, a stop loss should be placed at $2.1800, just below the recent support.
This strategy is ideal for short-term traders aiming to capture a rebound while maintaining tight risk management. Trail your stop loss after hitting TP1 to safeguard profits and look for momentum confirmation at resistance levels for potential continuation.