I’m watching $XRP $ closely — it’s showing oversold conditions and looks ready for a relief bounce. 🌚
Here’s my long trade plan:
Entry Zone: 1.9900 – 2.0700 (demand bounce)
Stop Loss (SL): 1.9590 (break of recent low)
Take Profit (TP1): 2.0200
Take Profit (TP2): 2.0500
Leverage: 15x
I’m taking this trade because RSI is oversold and, although MACD is negative, the bounce potential is strong. Price is holding above the key demand zone at 1.9900–2.0700, and as long as it stays within this range, the relief rebound is valid.
If $XRP breaks above 2.0700 with confirming momentum, the path toward 2.0500 becomes likely. The setup invalidates if price closes below 1.9590, as that would indicate sellers are regaining control.
I’m keeping my SL in place to manage risk while targeting the bounce levels patiently.
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