XRP - Next Leg Up Potential XRP is showing strong bullish momentum and appears ready for its next leg up, with the potential to tap its all-time high (ATH) in the near future. Currently, we are in an ideal entry zone for this move. Here’s a breakdown of the trade setup:
Entry: Current price between $2.50 - $2.60
Stop Loss (SL): $2.45 (Just below key support level)
Take Profit (TP) Targets:
TP1: $2.80 (First key resistance zone)
TP2: $3.00 (Mid-term resistance level)
TP3: $3.20 - $3.30 (Long-term target, potential ATH range)
Rationale:
XRP is showing strong bullish price action and is poised to break above key resistance levels.
The entry range between $2.50 - $2.60 offers a good risk-to-reward ratio.
The $2.45 stop loss is placed just below the previous support, protecting against a reversal.
Targeting the $2.80, $3.00, and $3.20 - $3.30 levels aligns with historical price action and recent trends, positioning us for a possible ATH move.
Risk/Reward Ratio: Favorable, with minimal risk to capture significant upside potential.
