XRP/USDT — Long at Range Support, Clean Risk Setup
XRPUSDT Perpetual
XRP has been in a wide range between 0.97 and 1.42 for weeks. After the sharp rally from the lows to 1.39, price pulled back hard — retracing most of the move in a few candles. It's now sitting at 1.33, right at a level that previously acted as resistance and is now being tested as support.
A signal flagged this zone for a long entry. The polarity flip — old resistance becoming new support — is one of the highest probability patterns in price action. The fact that price dropped aggressively into this level and is now showing signs of slowing down adds to the thesis.
Entry: 1.3298
Stop Loss: 1.2907 — below the swing low and demand zone
TP1: 1.3685 — mid-range resistance where the previous consolidation occurred
TP2: 1.4032 — the upper boundary and the recent high
Exit strategy:
Partial exit at TP1 to lock in profit. Stop to breakeven on the rest. If TP1 holds and price pushes through, TP2 is the full measured target with zero risk on the remaining position.
R:R: ~1:1 to TP1, ~1:1.9 to TP2
Invalidation: Close below 1.2907 — that breaks the support structure and opens up a move toward the range low.
Signal fired. We took it. Timestamp is the record — update coming with the result.
source https://www.tradingview.com/chart/XRPUSDT/qN3qMhH2-XRP-USDT-Long-at-Range-Support-Clean-Risk-Setup/
