$XRP is holding firmly above the major $1.47 support zone, and buyers are starting to push price higher. The current structure suggests a recovery toward the $1.56–$1.60 resistance area, but I don’t expect the move to be straight up.
I’m watching the 15M chart for a controlled pullback and a bullish reaction around $1.50–$1.52. If that zone holds, it could offer a cleaner continuation entry toward the higher resistance levels.
The key is patience here. I’d rather enter after a small pullback than chase the current candle. A sustained break below $1.47 would weaken this setup.
LONG: $XRP
Entry: $1.50–$1.52 after bullish confirmation
TP1: $1.56
TP2: $1.60
SL: $1.465
Keep risk around 1–2% of trading capital.
Fundamentally, $XRP continues to see activity around U.S. ETF products: the SEC published an effectiveness notice for the Bitwise XRP ETF on September 28. Separately, XRP’s monthly escrow mechanism released up to 1 billion tokens for October, with unused amounts generally subject to return to escrow. The current trade idea remains primarily technical.
#EthereumFoundationLaunchesZkAPIOnMainnet
#EvernorthPlansNasdaqListingOct8
#AnthropicTargetsIPOAsSoonAsMidNovember
I’m watching the 15M chart for a controlled pullback and a bullish reaction around $1.50–$1.52. If that zone holds, it could offer a cleaner continuation entry toward the higher resistance levels.
The key is patience here. I’d rather enter after a small pullback than chase the current candle. A sustained break below $1.47 would weaken this setup.
LONG: $XRP
Entry: $1.50–$1.52 after bullish confirmation
TP1: $1.56
TP2: $1.60
SL: $1.465
Keep risk around 1–2% of trading capital.
Fundamentally, $XRP continues to see activity around U.S. ETF products: the SEC published an effectiveness notice for the Bitwise XRP ETF on September 28. Separately, XRP’s monthly escrow mechanism released up to 1 billion tokens for October, with unused amounts generally subject to return to escrow. The current trade idea remains primarily technical.
#EthereumFoundationLaunchesZkAPIOnMainnet
#EvernorthPlansNasdaqListingOct8
#AnthropicTargetsIPOAsSoonAsMidNovember
