XRP has officially broken out of its long-standing descending channel on the daily timeframe.This is a major structure breakout and opens the door for a big move, but patience is key. Wait for a clean retest before entering the trade.
Trade Setup:
Entry (Ideal Retest Zone): $2.53 – $2.75
Stop Loss: Below $2.38
Resistance/Support Zones:
Immediate Support: $2.53
Resistance Levels: $4.29 / $7.53 / $11.98 / $18.00
Targets (Long-Term):
TP1: $4.29
TP2: $7.53
TP3: $11.98
TP4: $18.00
Potential Profit: Over 500%+ if it plays out fully
This is a long-term breakout structure — don’t rush. Wait for confirmation on the pullback.
DYOR | Not Financial Advice
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.