📈 Entry & Exit Strategy
Where to Enter:
**Support Level Entry (~$1.73–$2.20)**
Historically, $XRP
has respected support zones at $1.73 and $XRP $2.20. A bounce from those levels, ideally confirmed by candlestick reversal patterns like a Hammer, Morning Star, or Three White Soldiers, would be a strong entry—particularly if paired with rising volume .
**Breakout Entry (~$2.30+)**
A candle that closes above the recent descending trendline (near $2.30) with volume spike can signal a breakout entry .
Where to Exit:
**Partial Profit Target (~$2.65–$2.75)**
Social sentiment and technical setups highlight this as a reasonable short-term resistance band .
**Extended Target (~$3.40)**
If bullish momentum sustains, projections based on technical patterns like bull flags and Fibonacci extensions place XRP near $3.40 .
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🔍 Candlestick Pattern Highlights
Hammer / Morning Star at key support often precedes a reversal .
Three White Soldiers – three consecutive green candles suggest strong bullish continuation .
Bullish Engulfing on a breakout candle above resistance shows convincing entry momentum .
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🎯 Putting It All Together
1. Entry Setup:
Wait for a bullish pattern near $1.73–$2.20, or a breakout candle closing above $2.30 with volume.
2. Stop-Loss:
Set slightly below the recent low (e.g., below $1.70–$2.15).
3. **Take Profit (Tiered):**
50% position off around $2.65–$2.75
Let the remainder run to $3.40 if bullish conditions hold
4. Manage Trade:
Trail stop-loss as price moves in your favor
Monitor volume and any rejection candlestick like a Shooting Star at resistance
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📷 Visual Recap
Middle candle in patterns (e.g. the small-bodied star in a Morning Star) often signals indecision—crucial for spotting inflection points.
Entry candle should show strong bullish close (green, with body at or near high).
Exit candle may be a long red or a reversal signal near resistance.
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🚧 Risk & Confirmation
Always use volume and RSI/MACD to confirm patterns—not just price.
Place stop-losses outside support/resistance wicks to limit risks.
No signal is perfect—combine candlesticks with broader trend analysis .
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Summary Table
Level / Pattern Setup Action
$1.73–$2.20 + Hammer Reversal at support Enter long
Close > $2.30 + Volume Breakout above trendline Enter long
$2.65–$2.75 Resistance; partial profit-taking Take part profit
Extended trend → $3.40 Strength confirmed, trail exit Let run
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💡 Tip: For future trades, consider using charting platforms like TradingView or Investing.com—they offer live candlestick visuals, auto pattern detection, and volume indicators .
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⚠️ Disclaimer: This is not financial advice. These setups outline one possible strategy. Always do your own due diligence and manage your risk appropriately.