🚀 XRP Long Setup in Focus 📈
Trading Plan:
Bias: Long
Entry: 1.7800 - 1.8100
SL: 1.7500
TP1–TP3: 2.0100 / 2.2000 / 2.3300
Technical Analysis:
The current price action on the daily chart indicates a potential bottoming formation after a significant downtrend. The asset is consolidating above the 1.7800 support level, suggesting a pause in selling pressure. Bearish momentum appears to be weakening, as hinted by the MACD indicator, which could precede a bullish crossover. The primary confirmation signal for a reversal would be a sustained break above the middle Bollinger Band, currently near 2.0100, which would target higher resistance levels.
Invalidation:
Only a break below the 1.7500 support level would invalidate this potential bullish reversal scenario.
XRPUSDT
Perp
1.8675
+1.46%