$XRP/USDT -0.50% — Mild Correction in Bullish Structure
Price experiencing a minor pullback after recent highs, currently consolidating near strong support levels.
Chart Breakdown:
Price now: 1.3404 USDT (-0.50% in 24h)
Momentum: Short-term red pressure but holding above key lows with potential for recovery.
Volume: Strong 24h turnover of 30.15M showing solid market participation.
Moving Averages: Price trading around MA7 (1.3377) and MA14 (1.3393), slightly below MA28 (1.3456).
RSI: Neutral on the 15m timeframe, showing early signs of stabilization.
My Trading Signal:
Bias: Neutral to Mildly Bullish
Entry: Current levels 1.3350 – 1.3450
Stop Loss: 1.3300 (below 24h low)
TP1: 1.3560 → ~+1.2%
TP2: 1.3656 (24h high) → ~+1.9%
TP3: 1.3800+ → ~+3%+
Healthy correction in a strong asset. Good dip accumulation zone if it holds above 1.334 with volume support.
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