Binance Trading Signal Alert šØ
Coin Pair: $XRP /USDT
Time Frame: 4-hour
Overview:
XRP/USDT has shown upward momentum with a significant recovery from the 24-hour low of $1.9000 to its current price of $2.3487 (+6.18%). The 24-hour high of $2.4200 highlights strong bullish pressure, though resistance remains evident around the $2.40 level.
Signal Details:
Current Price: $2.3487
Entry Price: $2.34 - $2.36
Resistance Levels:
R1: $2.42
R2: $2.59
Support Levels:
S1: $2.22
S2: $1.90
Take-Profit Targets:
1. TP1: $2.42
2. TP2: $2.50
3. TP3: $2.59
Stop Loss:
Place a stop loss below $2.20 to manage risk in case of a trend reversal.
Trader Note:
Monitor the Relative Strength Index (RSI) currently around 57, suggesting potential room for upward movement before hitting overbought conditions. Look for a breakout above $2.42 to confirm sustained bullish momentum or a consolidation near support before making new entries.
