#XRP Update #5 – July 29, 2025
The long position we opened two days ago is still active, and as I mentioned earlier, I’m not planning to use a stop. In the previous trade, we took profit with 30% of our capital at the $3.33 level. Although there has been a pullback, I’m still holding the position. I have no intention of placing a stop and will continue by averaging down if necessary.
Currently, XRP has reacted from the K-Level zone. Its target is the $3.93 level, but the first major resistance it needs to break is at $3.66. I’m continuing to hold the position for now.
The long position we opened two days ago is still active, and as I mentioned earlier, I’m not planning to use a stop. In the previous trade, we took profit with 30% of our capital at the $3.33 level. Although there has been a pullback, I’m still holding the position. I have no intention of placing a stop and will continue by averaging down if necessary.
Currently, XRP has reacted from the K-Level zone. Its target is the $3.93 level, but the first major resistance it needs to break is at $3.66. I’m continuing to hold the position for now.
Note
XRP has returned to the same level where we previously made our purchase. We had already taken profit on one-third of this position earlier. However, I didn’t set any stop-loss because I expected the lower K-Level to act as support. That’s why I’m still holding the position.There’s been no change in my target. I’m continuing to wait for XRP to reach it. The trade is still active at this point.
Trade active
XRP is currently at a K-Level zone that it has visited before, and just below this level lies the MA200 band. This area represents a strong support zone for XRP. Its presence here doesn’t indicate any change in the corrective path of the impulsive move it has been following. There’s no broken structure or lower low yet. For that reason, I’m continuing with my existing position. I haven’t been stopped out, nor have I made any updates to the chart. So the position remains active. I still believe there's a 13% profit potential waiting on XRP’s recovery. That’s why I haven’t added to the position, nor have I sold any of it.Note
XRP is currently trying to find support from a K-Level zone, which also lies above the MA200 band. That’s why I still consider this region a strong support for XRP. Since it hasn’t broken the low of the last impulsive move yet, XRP is currently in a fairly good position. Therefore, I plan to continue holding the long position we previously established. No stop-loss was triggered, and no additional entries have been made from lower levels.
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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.