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Technical analysis by tradexict about Symbol XRP: Buy recommendation (3/22/2025)

https://sahmeto.com/message/3371687
tradexict
tradexict
Rank: 6130
1.6
Buy،Technical،tradexict

Support and Resistance LevelsResistance Levels:$2.745 – $2.760 zone → Strong resistance from previous swing highs (seen multiple rejections here).$2.87 – $2.90 → Smaller resistance, visible as a local high.$3.10 – $3.20 → Psychological round number and a potential target if a breakout occurs.Support Levels:$2.12 – $2.15 → Strong support zone (also 50–61.8% Fib retracement area).$1.95 → Key support level from the bottom of the range, previous major low.$2.29 – $2.31 → Minor support, marked by local consolidation.Entry Price for Long Trade (Breakout Strategy)Aggressive Entry: Around $2.50, on confirmation of higher low and early momentum shift. (Stop loss below $2.30)Conservative Entry: Wait for breakout above $2.75, retest and support confirmation → enter around $2.76 – $2.78.Target 1: $2.90Target 2: $3.10 – $3.20Stop loss: Below $2.60 or $2.50 depending on your risk appetite.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$3.1
Stop Loss Price
$2.3
Price at Publish Time:
$2.39
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