XRP has broken out of a multi-month consolidation zone, clearing major resistance levels around $2.75–$3.00. The current price action shows strong bullish momentum supported by moving averages and an overextended RSI.
Key levels:
Entry: $3.46 (market price)
Stop-Loss: $2.75 (below 0.382 Fibonacci and prior resistance)
Target: $4.49 (based on previous price structure and Fibonacci extension)
Risk-to-Reward Ratio: ~1:3.9
Analysis:
Bullish EMA alignment (price is above 20/50/100/200)
RSI is overbought (~87), which signals strength but also warns of potential retracement
No retest of breakout zone yet — caution on late entries
This setup is momentum-based, not for late chasers. I will monitor for a clean retest around the $3.00–$3.20 area for a safer re-entry if price pulls back.
Key levels:
Entry: $3.46 (market price)
Stop-Loss: $2.75 (below 0.382 Fibonacci and prior resistance)
Target: $4.49 (based on previous price structure and Fibonacci extension)
Risk-to-Reward Ratio: ~1:3.9
Analysis:
Bullish EMA alignment (price is above 20/50/100/200)
RSI is overbought (~87), which signals strength but also warns of potential retracement
No retest of breakout zone yet — caution on late entries
This setup is momentum-based, not for late chasers. I will monitor for a clean retest around the $3.00–$3.20 area for a safer re-entry if price pulls back.
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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.
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.