š $XRP Long Setup ā High-Reward Opportunity Ahead
š„ Market Snapshot:
XRP is hovering near a crucial demand zone, and indicators are showing early signs of bullish momentum returning ā but only if key supports stay intact.
š Long Trading Plan
šÆ Entry Zone: $2.0300 ā $2.0800
š Stop Loss: $1.9870
š Take Profit Targets:
TP1: $2.1750
TP2: $2.2700
š Technical Breakdown
ā” Dynamic Resistance:
The EMA(50) at $2.2739 is acting as a powerful ceiling, repeatedly rejecting upward attempts. A clean breakout here would shift market sentiment.
š Indicators Heating Up:
RSI (6) at 46.43 ā mid-range, offering plenty of upside room, supporting a potential bullish bounce.
MACD at 0.0022 ā still below zero but trending upward, showing sellers are losing strength.
š Market Outlook
If XRP fails to stay above $2.0782, expect a slide back toward the $1.9877 support zone.
A decisive breakout above $2.2739 opens the door to the $2.4766 region, potentially igniting further momentum.