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Technical analysis by Monstralian about Symbol XRP: Buy recommendation (5/31/2025)

https://sahmeto.com/message/3567375
Monstralian
Monstralian
Rank: 1131
2.6
Buy،Technical،Monstralian

XRP is reaching a solid level of $2.1. I believe this level will attract investors for the following reasons : Technicals : After breaking the main resistance trendline, XRP is now reaching a solid support level presented in green. Price action : - In accumulating since Jan '25 - Resisted to last market dumps Beyond technicals : - Very strong community - Real services and strong team Market sentiment : The investors are now looking for a strong asset to invest in. They may switch their alts to any coin that shows strenght. For now, XRP is on the top list. Recap : - Risks : bad news from the team , whales dumping , ... - Main Target : $4 - Reward : near 100% XRPUSD XRPUSD XRPUSDT.P XRP XRPUSDTI protected my capital at $3.0 after making 40% profits. Theses profits are still in the market targetting $4.0. This target will be flexible depending on the reaction of the price from this current resistance levels as presented in the below chart : - If the price could break the $2.95 with big candle and big volume : I will take 50% of profits near $4.0 and continue for higher levels. - If the price struggles breaking this resistance level , my targets will be lowered.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Profit Target:
$4
Price at Publish Time:
$2.19
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