$XRP shows signs of range-bound action following recent upward momentum. Traders can eye key levels for potential entries while managing risk carefully.
Entry Zone:
Look for positions between 2.02 and 2.08, aligning with current support near the daily low of 2.045. This zone offers a favorable risk-reward setup if bullish structure holds.
Bullish Trigger:
Price staying above 2.00 confirms upward bias, matching the day's open at 2.0517 and respecting higher lows. A close above recent highs like 2.1138 strengthens the case for continuation.
Price Targets:
Target 1: 2.25, near short-term resistance from prior ranges.
Target 2: 2.45, testing upper channel boundaries.
Target 3: 2.70, aligning with historical pivot zones.
Risk Management:
Set stop loss at 1.90 to protect against breakdowns below key supports like 1.96. Current price at 2.09544 supports this setup with positive daily change of 2.13%.
