XRP is showing strong growth signals across various timeframes. Detailed technical analysis reveals key support and resistance levels.
Daily and Weekly Analysis
On the daily chart, XRP is in a strong uptrend, supported by 92.86% of moving averages indicating bullish momentum. Key support is around $2.10, while resistance is at $2.20. A breakout above this level could push the price higher.
The weekly timeframe reflects a similar bullish sentiment, with XRP consistently holding above key support at $2.00. Resistance stands at $2.58, and a push past this level could accelerate gains.
4-Hour and 15-Minute Analysis
The 4-hour chart shows a bullish pennant formation, a continuation pattern that suggests further upside. Immediate support is near $2.15, with resistance at $2.38. A breakout from this zone could target $4.20 in the medium term.
The 15-minute chart highlights strong bullish momentum. Support is at $2.05, while resistance is near $2.36. This short-term setup indicates potential scalping opportunities for traders looking for quick gains.
Entry Levels and Profit Targets
Given the prevailing uptrend, an entry near $2.08 appears favorable. Traders can set take-profit targets at $2.20 (daily resistance), $2.38 (4-hour resistance), and longer-term at $4.20. A stop-loss below $2.00 can help mitigate risk.
XRP shows bullish sentiment across various timeframes, backed by strong technical indicators. Both short-term traders and long-term investors can utilize current levels for potential opportunities.
