$XRP: Breaks Out of Falling Wedge Pattern: Targets Set Higher
LONG SETUP XRP
Entry: $1.5030 - $1.5040
Stop Loss: $1.4434
Take Profit: $1.6238 (2R)
Key Levels: Support $1.4992 | Resistance $1.5095
Technical Analysis for $XRP: Price sits just above EMA9 and EMA200, with EMA21/50 hugging the level, indicating upward bias. MACD histogram turned positive and Stochastic is above 50, supporting a bounce toward the 1.5095 resistance. ADX is low, showing weak trend, and orderbook shows ask pressure a risk of rejection. Watch 1.5095; a break above could target the next swing high.
Market Context: BTC slipped 0.2% in 24h, keeping a bearish tone while the overall market shows mixed breadth.
LONG $XRP
LONG SETUP XRP
Entry: $1.5030 - $1.5040
Stop Loss: $1.4434
Take Profit: $1.6238 (2R)
Key Levels: Support $1.4992 | Resistance $1.5095
Technical Analysis for $XRP: Price sits just above EMA9 and EMA200, with EMA21/50 hugging the level, indicating upward bias. MACD histogram turned positive and Stochastic is above 50, supporting a bounce toward the 1.5095 resistance. ADX is low, showing weak trend, and orderbook shows ask pressure a risk of rejection. Watch 1.5095; a break above could target the next swing high.
Market Context: BTC slipped 0.2% in 24h, keeping a bearish tone while the overall market shows mixed breadth.
LONG $XRP
