Are you ready $XRP for the upcoming launch? 🚨
The pair $XRP is currently moving in a sideways range with a tendency to fluctuate after stabilizing at levels of $1.91. We are currently monitoring critical levels to determine the upcoming direction.
🔍 Key technical levels:
Current resistance: $1.9625 (recent local peak).
XRPUSDT
Perp
1.7497
-7.18%
Critical support: $1.897 (breaking it may lead to further decline).
Direction: Neutral with a tendency to rise as long as we remain above the level of $1.83.
🚀 Suggested trading plan
Scenario 1: Bullish breakout (Long)
Entry area: $1.92 - $1.93 (after confirming stability above resistance).
First target: $1.96.
Second target: $2.05.
Stop loss: $1.89.
Scenario 2: Support break (Short)
Entry area: if the hourly candle closes below $1.89.
Targets: $1.83.
Stop loss: $1.94.