$XRP
– Long Trade Signal 🟢
30-Minute Moving Averages Consolidation – Volatility Pressure 📉
Support remains above 2.88
– Ready for Takeoff 🚀
XRP is tightly coiling between the 7-period moving average ($2.8874) and the 25 ($2.8937) and 99 ($2.8850) on the 30-minute chart. This moving average consolidation shows strong balance and potential for a breakout. The price remains above a key local support at $2.8850, indicating that buyers are defending well.
Trade Setup
• Entry Point: $2.8850 – $2.8910
• Stop Loss: $2.8620
• Take Profit:
• TP1: $2.9460
• TP2: $2.9630
• Margin: 2-3% of the portfolio
• Leverage: 10x
Market Outlook:
XRP is consolidating within a tight range of moving averages and preparing for a decisive move. A bullish breakout above $2.90 could fuel momentum towards the $2.96 area.
$XRP
