XRP has successfully broken out of the descending channel and is currently approaching the key resistance zone at $4.29 — the first major long-term target shared earlier.What’s next?
It’s now trading at a critical resistance, and a retest is highly likely. A clean pullback to the $3.51–$3.57 zone will offer the ideal entry opportunity for long-term positional traders.
Updated Trade Setup:
Entry: $3.51–$3.57 (wait for retest)
Stop Loss: Below $3.38
Support Zones: $2.53 / $3.51
Resistance Zones: $4.29 / $7.53 / $11.98 / $18.00
Targets:
TP1: $4.29 (nearly hit)
TP2: $7.53
TP3: $11.98
TP4: $18.00
This breakout structure remains highly bullish. Let price come to you — avoid chasing the move. A retest entry could offer better RR for the next leg.
DYOR | Not Financial Advice
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