🔎 Technical Outlook
XRP is currently trading around 3.03 – 3.04 USDT, after bouncing from a key support zone near 2.95 USDT. The chart shows a sequence of higher lows with multiple buy signals clustering near the base, suggesting strong accumulation.
The resistance zone sits around 3.18 USDT, which is also marked as your target area. A clean breakout above minor intraday resistance at 3.05 USDT would open the way for bullish continuation. The structure favors buyers as long as price holds above 2.95 support.
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📈 Trade Setup (Bullish Bias)
• Entry: 3.03 – 3.05 USDT (current market zone)
• Stop-Loss: 2.95 USDT (below recent support & invalidation level)
• Take Profit 1: 3.12 USDT (intermediate resistance)
• Take Profit 2: 3.18 USDT (major resistance target)
• Risk/Reward: ~1:2
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🛡 Risk & Trade Management
• 🔒 Partial Profit Booking: Secure some profits at 3.12 USDT to reduce risk exposure.
• 📈 Trailing Stop: Once TP1 is hit, move stop-loss to breakeven (3.03) and trail along higher lows to ride momentum.
• 🚫 Invalidation: If XRP breaks below 2.95, the bullish setup is invalid, and exiting quickly protects capital.
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✅ Summary
XRP is showing bullish intent after defending the 2.95 support zone and looks set to retest 3.12 – 3.18 USDT. A layered profit-taking approach with a trailing stop allows you to capture the move while managing downside risk effectively.
________________________________________
XRP is currently trading around 3.03 – 3.04 USDT, after bouncing from a key support zone near 2.95 USDT. The chart shows a sequence of higher lows with multiple buy signals clustering near the base, suggesting strong accumulation.
The resistance zone sits around 3.18 USDT, which is also marked as your target area. A clean breakout above minor intraday resistance at 3.05 USDT would open the way for bullish continuation. The structure favors buyers as long as price holds above 2.95 support.
________________________________________
📈 Trade Setup (Bullish Bias)
• Entry: 3.03 – 3.05 USDT (current market zone)
• Stop-Loss: 2.95 USDT (below recent support & invalidation level)
• Take Profit 1: 3.12 USDT (intermediate resistance)
• Take Profit 2: 3.18 USDT (major resistance target)
• Risk/Reward: ~1:2
________________________________________
🛡 Risk & Trade Management
• 🔒 Partial Profit Booking: Secure some profits at 3.12 USDT to reduce risk exposure.
• 📈 Trailing Stop: Once TP1 is hit, move stop-loss to breakeven (3.03) and trail along higher lows to ride momentum.
• 🚫 Invalidation: If XRP breaks below 2.95, the bullish setup is invalid, and exiting quickly protects capital.
________________________________________
✅ Summary
XRP is showing bullish intent after defending the 2.95 support zone and looks set to retest 3.12 – 3.18 USDT. A layered profit-taking approach with a trailing stop allows you to capture the move while managing downside risk effectively.
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Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.