$XRP breakout looks primed. ๐
Guy's XRP has been trading under a long-standing descending trendline since November, but momentum is starting to shift. On the 4H chart, price has broken above diagonal resistance and is now holding around $1.21, testing the breakout zone.
If this level holds, it could signal a potential break in the broader downtrend structure.
The Setup
Entry Zone: $1.20 โ $1.22 (current retest area)
Target: $1.80 , $2.00
Stop Loss: below the recent swing low near $1.10
Tip: Wait for a clean 4H candle close above the trendline to confirm strength and reduce the risk of a fakeout before scaling in.
Risk management matters, especially around breakout zones.