$XRP /USDT Technical Analysis - Binance

📊 Current Price: $2.2747 (-0.83%)

⏰ Timeframe: 30m

Analysis & Targets

$XRP is showing signs of consolidation after recent volatility. Here are the key price targets for traders:

1️⃣ Target 1: $2.3000

A short-term resistance level. A breakout above this level signals bullish momentum.

2️⃣ Target 2: $2.3300

Key resistance aligning with the 24-hour high. Expect selling pressure near this zone.

3️⃣ Target 3: $2.3600

Major resistance level and potential breakout area. A move beyond this could initiate a strong rally.

Strategy

📈 Bullish Case: Watch for a breakout above $2.2800. Consider scaling out at each target for steady profits.

📉 Bearish Case: A rejection at $2.3000 might lead to a retest of $2.2500 as support.

⚠️ Risk Management:

Place stop-loss below $2.2600 to protect downside risk.

Trade cautiously during periods of increased volatility.

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