$XRP — Sitting Between $1.30 Support and the $1.37 Wall 📊
XRP is trading around $1.33 today (+~2.5% in 24h) after buyers defended the $1.30 pivot, which sits right near the 200-day average at ~$1.28. The $1.25 double-bottom has now held twice.
My setup (long on breakout):
🔹 Entry: $1.31 – $1.33
🔹 Stop-loss: Daily close below $1.25
🎯 Target 1: $1.36
🎯 Target 2: $1.38
🎯 Target 3: $1.45
Breakout condition: a daily close above $1.37 — above the 50-day and 200-day moving averages — is what flips this bullish for me. Until then it is a range trade, not a trend.
Invalidation: a daily close below $1.25 breaks the double bottom and brings $1.15–$1.20 back into play.
Why I am watching it: the OCC gave final approval for Ripple National Trust Bank on Oct 26, and Ripple's Swell conference runs Oct 27–29 — real news flow behind the bounce.
The risk I am watching: price is still below its 50-day and 200-day averages, the bounce came on low volume, and the Fed decision today could move everything fast.
Is $1.37 the line that flips XRP bullish for you — or do you need to see $1.40 first? 👇
Not financial advice. DYOR.
XRP is trading around $1.33 today (+~2.5% in 24h) after buyers defended the $1.30 pivot, which sits right near the 200-day average at ~$1.28. The $1.25 double-bottom has now held twice.
My setup (long on breakout):
🔹 Entry: $1.31 – $1.33
🔹 Stop-loss: Daily close below $1.25
🎯 Target 1: $1.36
🎯 Target 2: $1.38
🎯 Target 3: $1.45
Breakout condition: a daily close above $1.37 — above the 50-day and 200-day moving averages — is what flips this bullish for me. Until then it is a range trade, not a trend.
Invalidation: a daily close below $1.25 breaks the double bottom and brings $1.15–$1.20 back into play.
Why I am watching it: the OCC gave final approval for Ripple National Trust Bank on Oct 26, and Ripple's Swell conference runs Oct 27–29 — real news flow behind the bounce.
The risk I am watching: price is still below its 50-day and 200-day averages, the bounce came on low volume, and the Fed decision today could move everything fast.
Is $1.37 the line that flips XRP bullish for you — or do you need to see $1.40 first? 👇
Not financial advice. DYOR.
