🚀 XRP Long Setup in Focus 📈
Trading Plan:
Bias: Long
Entry: 1.85 - 1.93
SL: 1.79
TP1–TP3: 2.00 / 2.13 / 2.32
Technical Analysis:
The current price action on the daily timeframe suggests a potential bounce from a key support area. The price is currently testing the lower Bollinger Band, which often acts as a dynamic support level and indicates a potentially oversold condition ripe for a mean reversion. Confirmation for this bullish setup would be a strong bounce from this zone, supported by the MACD histogram, which is showing a decrease in bearish momentum. The primary objective is a reclaim of the middle Bollinger Band around the 2.00 psychological level.
Invalidation:
Only a break below 1.79 would invalidate this bullish setup.
XRPUSDT
Prep
1.9163
-0.71%