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$XRP /USDT – long positions breakout signal
$XRP has just broken through the $2.40 area, pushing up to $2.47 with strong buying interest. Momentum is gradually increasing, with buyers stepping in on every dip. As long as the price stays above $2.38–$2.40, there is still room for upward movement.
Entry Area:
$2.42 – $2.46
( Current Price: Approximately $2.46)
Key support level:
• $2.40 ( main support level, must hold )
• $2.35 ( minor support level, if the market pulls back deeper )
Immediate resistance level:
• $2.50
• $2.56
Trading Strategy:
Wait for the price to stabilize and pull back to the entry area. If the price can stay above $2.40 after the retest, there is a higher possibility of continuing to the next target. Avoid chasing green candles at the top.
Target Price:
1. $2.50
2. $2.56
3. $2.65 ( If the strength continues, extend long positions to continue targeting )
Stop-loss level:
$2.33 ( is set below the trend support level to reduce downside risk )
Market Sentiment:
Momentum is bullish, with increasing volume confirming the breakout. Buyers are confident, and pullbacks are quickly absorbed. As long as XRP stays above $2.40, the trend is likely to continue upward.
Strategy Tip:
The smart entry point is during backtesting, not at the peak. Let the price come to you.