🚨 $XRP ALERT: Consolidation Underway – Key Targets in Focus! 🚨
$XRP is currently trading at $2.3262, down 4.87% in the last 24 hours. The price is in a consolidation phase after significant swings, signaling the possibility of a breakout in either direction. Here's what traders need to watch:
📊 Key Levels in Focus:
1️⃣ Resistance at $2.40: A breakout above this level could reignite bullish momentum.
2️⃣ Support at $2.30: Holding this level is crucial for avoiding further downside.
🎯 Three Potential Targets:
Upside Targets:
Target 1: $2.40 – A short-term resistance level, breaking which could lead to strong buying interest.
Target 2: $2.50 – Momentum above this level could push XRP higher, signaling a trend reversal.
Target 3: $2.60 – A major psychological level, marking potential for an extended rally.
Downside Risk:
Failure to hold above $2.30 could see XRP testing $2.20, with further declines toward $2.10 possible if selling pressure increases.
⚠️ Trade Setup:
Long Entry: Above $2.40, targeting $2.50 and $2.60, with a stop-loss at $2.30.
Short Entry: Below $2.30, aiming for $2.20 and $2.10, with a stop-loss at $2.40.
Stay alert for breakout signals, as XRP is approaching a decisive move!
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