XRP has successfully broken out of its consolidation pattern and is now targeting significant upside levels. A breakout from the green support zone around $3.27 will confirms the strong bullish momentum.
Key Technical Levels:
- Primary target: $6.42 (2.0 Fibonacci extension)
- Extended target: $7.50+ (2.5 Fibonacci extension)
Trade Setup:
- Support zone: $3.27 (former resistance now support)
- Stop loss: Below $3.00 to protect against false breakouts
- Risk/reward: Favorable with multiple upside targets available
Technical Outlook:
The projected path suggests continued upward momentum with potential pullbacks to retest the breakout level. RSI shows room for further advancement without being severely overbought.
Key Technical Levels:
- Primary target: $6.42 (2.0 Fibonacci extension)
- Extended target: $7.50+ (2.5 Fibonacci extension)
Trade Setup:
- Support zone: $3.27 (former resistance now support)
- Stop loss: Below $3.00 to protect against false breakouts
- Risk/reward: Favorable with multiple upside targets available
Technical Outlook:
The projected path suggests continued upward momentum with potential pullbacks to retest the breakout level. RSI shows room for further advancement without being severely overbought.
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Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
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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.