🌊 $XRP at 2.054: At the edge of the abyss or a leap towards $3?
🚨 Attention: The price is critical! Ripple (XRP) is at a pivotal area!
Ripple (XRP) is currently trading at an important psychological and technical support level ranging between 2.00 and 2.05. This range is the "last line of defense" that if the price holds, a strong bullish breakout is expected.
📈 The chart says: The Relative Strength Index (RSI) is trending upwards above the 50 level, indicating that the bulls still have strength!
The current price is 2.054!
⚡ Quick rebound trading: The price is trying to bounce from the $2.00 level, with buyers accumulating. We are targeting a breakout of immediate resistance to confirm the end of the correction and the start of a new bullish wave.
🎯 Our targets (to secure profits from the rebound and breakout):
We are targeting nearby resistance levels for quick profit taking:
The first target (to regain the point): 🚀 2.20
(Quick regain of the nearest clear resistance area).
The second target (main movement target): 🔥 2.45
(A strong profit-taking area, representing a clear breakout of bullish momentum).
Stop loss (necessary to protect capital): Set it just below 1.95.
Note: Breaking this level cancels the rebound opportunity and may lead to a deep drop to the 1.80 area or lower, which represents a high risk that should be avoided. And strictly following the stop loss.
