Scalping XRPUSDT at 15-minute time frame
Currently, XRP is testing Support 2 at 0.52677, a key level that previously served as resistance, marking an area of strong confluence. If the support fails, there is a high likelihood of a retest of Support 1 around 0.52380.
For now, it’s too early to confirm an ideal buy entry. I’ll be watching for the RSI to rebound from oversold territory and waiting for momentum to push the RSI back up to 50%. This approach will help clarify the new support and resistance zones.
For now, it’s too early to confirm an ideal buy entry. I’ll be watching for the RSI to rebound from oversold territory and waiting for momentum to push the RSI back up to 50%. This approach will help clarify the new support and resistance zones.
Nota
The price still respects the support and resistance level. Hence, I have the option to enter my buy order now at 0.52626 and ensure to define yor own stop loss. Profit ratio of 1:2.
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