🚨 $XRP :Long Setup for the Next Wave! 🚀
Plan trade: Long 🟢
Entry Zone: 2.03 - 2.05
Take Profit:
🎯 TP1: 2.11
🎯 TP2: 2.135
🎯 TP3: 2.18
Stop Loss: 1.96
The price touched the ~2.04 resistance zone once and failed. Place an entry around this position in the hope of breaking through this zone and rebounding.
XRPUSDT
Perp
2.008
+0.43%
🔥 Technical Analysis:
On the H1 chart, $XRP has established a solid bottom at $1.966 and is recovering well. Price is consolidating just above the EMA cluster, indicating strong buying support. RSI has exited the negative zone and is trending up, supporting continued momentum to retest previous resistance highs.
⚠️ Stop Loss Rationale:
The 1.96 level sits safely below the recent lowest wick ($1.966). If the price breaks this level, the recovery structure is invalidated.