Trading Range
**XRP/USDT – 15-Minute Chart Analysis**
The price is currently trading within an ascending channel, showing a gradual recovery after the previous sharp decline. A key resistance zone around **2.5240 - 2.5470** is being tested, which aligns with the upper range of a consolidation phase.
If the price fails to break above this level, it could lead to a pullback towards the lower boundary of the channel, around **2.4465**. However, a breakout above resistance could indicate further bullish momentum, with the next target around **2.6430 - 2.6500**.
Monitoring price reaction at these levels will be crucial in determining the next move. The trade is being executed with **25x leverage**, increasing both potential returns and risk exposure.
The price is currently trading within an ascending channel, showing a gradual recovery after the previous sharp decline. A key resistance zone around **2.5240 - 2.5470** is being tested, which aligns with the upper range of a consolidation phase.
If the price fails to break above this level, it could lead to a pullback towards the lower boundary of the channel, around **2.4465**. However, a breakout above resistance could indicate further bullish momentum, with the next target around **2.6430 - 2.6500**.
Monitoring price reaction at these levels will be crucial in determining the next move. The trade is being executed with **25x leverage**, increasing both potential returns and risk exposure.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.