$XRP /USDT - Technical & Fundamental Analysis 📈📈🎯 ✅ Fund
Fahaus
Updated at: 4 hours ago
{"content":"$XRP /USDT - Technical & Fundamental Analysis 📈📈🎯
✅ Fundamentals:
Ripple is gaining momentum as the SEC case eases, partnerships in Asia expand, and new XRPL upgrades support tokenization and smart contracts. Institutional interest is growing, which could strengthen XRP's position further.
However, regulatory changes and overall crypto market volatility remain key risks to monitor.
✅ Technicals:
XRP previously formed a series of lower highs (LH) until reaching the major support zone at 2.6800, completing a descending triangle. After breaking the trendline, a change of character was observed around the 3.0000 level, signaling potential bullish reversal.
Price action suggests waiting for a liquidity hunt below the zone before anticipating another breakout to the upside.
Trade Setup (4H Chart):
🟢 Entry (Buy Stop): 3.0540
🎯 Take Profit 1 : 3.4000
🎯 Take Profit 2 : 3.6530
🔴 Stop Loss : 2.8830 (below liquidity zone)
The setup favors a bullish continuation if price confirms the liquidity grab and reclaims higher levels. Traders should remain patient for confirmation before scaling positions.
📌 Disclaimer: This is not financial advice. Always wait for confirmation before entering trades. Manage your risk and trade with discipline.
$XRP
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