$XRP /USDT AT A CRUCIAL TURNING POINT โ WATCH FOR THE NEXT BIG MOVE! โผ๏ธ๐
The $XRP /USDT chart is navigating within a descending channel, currently priced at 0.5142 USDT on the 4-hour timeframe. Following recent declines, XRP has reached a pivotal level where support and resistance levels are critical for upcoming moves. Hereโs what traders need to watch:
๐ก Key Levels:
โข Resistance Zone: 0.5278 USDT โ A breakout above this level could signal a strong bullish reversal, paving the way toward higher targets.
โข Support Level: 0.5100 USDT โ A break below could intensify selling pressure, potentially pushing XRP down to retest 0.4860 USDT.
๐ Entry Strategy:
โข Short-Term Buy Entry: Near 0.5100 USDT with a target of 0.5278 USDT and a tight stop loss at 0.5050 USDT to manage risk.
โข Long-Term Buy Entry: Above 0.5278 USDT on a confirmed breakout, aiming for 0.5500 USDT, with a stop loss around 0.5150 USDT.
โ ๏ธ Caution: If XRP fails to hold 0.5100 USDT, expect a potential drop toward 0.4860 USDT, signaling increased bearish momentum.
XRPโs next move could be crucialโstay alert and adjust your strategies based on price action!
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