Recently, the XRP/USDT trading pair has shown positive signals within the 15-minute time frame, forming a clear rise structure. After the price broke through the key resistance level of 3.14 USD, it is currently consolidating near the breakout area, accompanied by an increase in Trading Volume, providing potential get on board opportunities for bullish traders.



Based on the current market situation, we can consider the following trading strategies:

1. Entry point: around 3.1496 USD
2. Target price level:
- First target: 3.1920 USD
- Secondary target: 3.2245 USD
- Ideal target: 3.2525 USD
3. Stop-loss setting: 3.1087 USD

To effectively manage risk, it is recommended to limit the funds for a single trade to between 3% and 5% of the total account value. Additionally, when the price reaches the first target, the stop-loss can be moved up to the entry price to lock in some profits and reduce the risk of drawdown.

It is worth noting that investors should closely monitor the price action in the $3.14 support zone. In particular, the emergence of a bullish engulfing pattern or a strong breakout of the current resistance may indicate the continuation of upward momentum. At the same time, confirming price signals with changes in Trading Volume can enhance the reliability of trading decisions.

Overall, XRP/USDT currently shows a positive technical outlook, but investors still need to operate cautiously and strictly implement risk management strategies to cope with the high volatility of the cryptocurrency market.
XRP-0.95%
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DuskSurfervip
· 07-26 15:52
Are you harvesting the suckers of XRP again?
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MeaninglessGweivip
· 07-26 06:50
Stop rolling in the crypto world, not even as good as pi.
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OnchainDetectivevip
· 07-26 06:50
xrp is going To da moon now. I told you all but you didn't listen.
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DefiVeteranvip
· 07-26 06:33
I went all in on this wave of XRP!
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WhaleMinionvip
· 07-26 06:32
Who can't go long or short? Just don't lose!
View OriginalReply0
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