$XRP fell to $1.15 after losing $1.20 and everyone thinks it is finished, I think this is where the real setup starts
$XRP $1.1525 -0.80% | H $1.1697 L $1.1500 | Turnover 12.40M
Look, I am not going to lie and say XRP looks strong right now. It does not. It broke $1.20, it slid down to $1.15, and it is sitting right on the bottom of that big daily buying area. Most people see that and panic sell. I see it and I start watching, because this is exactly where patient buyers show up or the whole idea dies.
Here is how I am reading it. If buyers can hold this floor and push XRP back above $1.2469 with real volume, not a weak wick, then the first real recovery is toward $1.3986. That is about 20.86% up from $1.1572. If traditional markets open with better participation and XRP keeps building momentum, then $1.5492 opens up. That is about 33.87% up. I am not saying both will happen tomorrow, price has to prove itself first.
My setup is very clear and I am keeping it small because this is an early entry. Entry reference $1.1572, stop loss $1.0413, that is about 10.02% risk. Reward to first target is 2.08 to 1, to second target 3.38 to 1. That is why I like this setup, risk is defined, reward is bigger.
One warning level I am watching is $1.0843. If we lose that and close below it, my bullish idea gets weak even before my stop at $1.0413 hits. So I will not be stubborn. If buyers cannot defend that area, I am out.
If you want more safety, you can wait for confirmation above $1.2469. That is safer, but your entry will be higher and your risk reward will change. Both ways are okay, just do not go big on an early entry.
I am not a financial advisor, this is just my plan. I am bullish on the potential bounce, but only if buyers can actually defend this floor.
Be honest, are you buying XRP at $1.15 like me or waiting for $1.2469 reclaim first?
Comment BUY if you are buying the floor, WAIT if you wait for $1.2469.
Tap $XRP to trade this demand zone
#xrp #Xrp🔥🔥
$XRP $1.1525 -0.80% | H $1.1697 L $1.1500 | Turnover 12.40M
Look, I am not going to lie and say XRP looks strong right now. It does not. It broke $1.20, it slid down to $1.15, and it is sitting right on the bottom of that big daily buying area. Most people see that and panic sell. I see it and I start watching, because this is exactly where patient buyers show up or the whole idea dies.
Here is how I am reading it. If buyers can hold this floor and push XRP back above $1.2469 with real volume, not a weak wick, then the first real recovery is toward $1.3986. That is about 20.86% up from $1.1572. If traditional markets open with better participation and XRP keeps building momentum, then $1.5492 opens up. That is about 33.87% up. I am not saying both will happen tomorrow, price has to prove itself first.
My setup is very clear and I am keeping it small because this is an early entry. Entry reference $1.1572, stop loss $1.0413, that is about 10.02% risk. Reward to first target is 2.08 to 1, to second target 3.38 to 1. That is why I like this setup, risk is defined, reward is bigger.
One warning level I am watching is $1.0843. If we lose that and close below it, my bullish idea gets weak even before my stop at $1.0413 hits. So I will not be stubborn. If buyers cannot defend that area, I am out.
If you want more safety, you can wait for confirmation above $1.2469. That is safer, but your entry will be higher and your risk reward will change. Both ways are okay, just do not go big on an early entry.
I am not a financial advisor, this is just my plan. I am bullish on the potential bounce, but only if buyers can actually defend this floor.
Be honest, are you buying XRP at $1.15 like me or waiting for $1.2469 reclaim first?
Comment BUY if you are buying the floor, WAIT if you wait for $1.2469.
Tap $XRP to trade this demand zone
#xrp #Xrp🔥🔥
