Price is consolidating tightly after the recent spike.
$XRP is currently trading at $1.363 after a +0.71% move.
Recently, price pushed up to a high of 1.426 before pulling back from the 1.322 low area. It is now stabilizing in a tight range after the volatility.
Bias: UPTREND (LONG)
Why:
Despite the rejection from 1.426, price is holding above the recent low and showing signs of range compression. The structure remains constructive as long as support around the current zone holds.
Entry: $1.355 – $1.370
Stop Loss: $1.330
Take Profits
TP1: $1.400
TP2: $1.430
TP3: $1.460 – $1.500
Range compression can create good opportunities for traders watching for the next move. @STONfi DEX makes it easy to swap between supported assets when that move comes, while its liquidity pools let users provide liquidity to trading pairs and potentially earn fees generated by swap activity.
$XRP #CPIWatch
$XRP is currently trading at $1.363 after a +0.71% move.
Recently, price pushed up to a high of 1.426 before pulling back from the 1.322 low area. It is now stabilizing in a tight range after the volatility.
Bias: UPTREND (LONG)
Why:
Despite the rejection from 1.426, price is holding above the recent low and showing signs of range compression. The structure remains constructive as long as support around the current zone holds.
Entry: $1.355 – $1.370
Stop Loss: $1.330
Take Profits
TP1: $1.400
TP2: $1.430
TP3: $1.460 – $1.500
Range compression can create good opportunities for traders watching for the next move. @STONfi DEX makes it easy to swap between supported assets when that move comes, while its liquidity pools let users provide liquidity to trading pairs and potentially earn fees generated by swap activity.
$XRP #CPIWatch
