High intraday approximately US$ 4.762, low approximately US$ 4.612.
Previous relevant support and resistance levels: support at ~ US$ 4.500-4.600; resistance at ~ US$ 4.750-4.900. (from previous analysis
🔧 Entry Setup
Here are some setup options based on different scenarios:
Scenario Entry (Enter Position) Level Stop Loss (SL) Target / Take Profit (TP) Notes Conditions
Bullish Breakout If the price breaks US$ 4.750 with strong enough volume → open long slightly above breakout, for example US$ 4.760-4.780 SL can be below breakout, for example ~ US$ 4.650-4.700 (to limit if false breakout) First target at US$ 5.000, extend target to US$ 5.200-5.300 if momentum remains strong Ensure good breakout volume, not just a wick. Can confirm with a closing candle above resistance. Rejection at Resistance If the price approaches resistance ~ US$ 4.750-4.800 and a bearish signal appears (reversal candle like doji, shooting star, bearish engulfing) → can open short around that level SL above resistance, for example US$ 4.850-4.900 depending on risk tolerance First target to support around US$ 4.500-4.600, second target if breakdown down to US$ 4.300 Need confirmation of reversal signal + decreasing volume when approaching resistance. Bouncing from Support If the price drops to support around US$ 4.500-4.600 and a reversal signal appears (hammer, bullish engulfing, RSI divergence or other indicators) → open long SL below strong support, can be at US$ 4.400 or slightly below depending on risk reward TP at the next resistance (~ US$ 4.750-4.900) Beware of false break support; ensure there is a valid technical signal.
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⚠️ Additional Risks & Tips
Leverage: Do not use leverage too high if you are not comfortable with high fluctuations in crypto.
Chart Timeframe: Use a 15-minute / 1-hour timeframe for entry and confirmation; a 4-hour or daily timeframe is good for seeing stronger support/resistance.
#TrumpTariffs U.S. trade tariffs with China remain in effect and will impact the market. Market sentiment is weakening, will the bears take further control of the market or will the alt season rally prevail?
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Where will XRP move, will it be bullish or is the bear trap still dominating? Market sentiment sees this as bullish but the bear is still gripping #XRPETFs
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