$XRP
– Bullish Continuation Setup
The market structure for XRP remains bullish despite the recent long liquidation of $10.558K at $1.3726, which indicates a short-term flush of overleveraged positions. This type of liquidation often helps reset the market before the next move.
Price previously delivered a strong impulse toward resistance, followed by a healthy pullback and consolidation near the support zone where buyers showed interest. With selling pressure being absorbed, momentum is starting to rebuild, suggesting the possibility of a continuation toward previous highs if support remains intact.
Entry Zone:
$1.34 – $1.37
Take Profit Targets:
TP1: $1.42
TP2: $1.48
TP3: $1.55
Stop Loss:
$1.30
As long as the support zone holds, the bullish structure remains valid with potential for further upside. 📈
XRPUSDT
Perp
1.3714
-1.31%
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