$XRP USDT — Holding the Last Fortres, Recovery or Final Break
$XRP is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
There is a key support zone (in green) at 1.35, and the price has bounced off this zone several times, making it a strong support level.
$XRP is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 1.41
First Target: 1.41
Second Target: 1.45
Third Target: 1.48
You can stop at the first and second targets and close the price, or continue towards the third target.
Stop Loss: At the resistance zone (in green).
Remember this simple rule: Money Management.
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