XRP Targets $3.20: Bullish Momentum Builds Above Key Levels!

XRP/USDT 4H Chart Analysis
Breakout confirmed: XRP has broken out of the $2.50 accumulation zone, showing strong bullish momentum supported by a significant increase in volume.

Current price: $2.94.

1. Key levels:
   

• Support: $2.70 (recently established support zone).
  
• Resistance: $3.00 (psychological level and key breakout point).
  
• Pattern: A clear bullish flag pattern has formed, indicating potential continuation.
  
• Volume profile: Strong bullish candles with volume confirmation suggest further upside movement if resistance is broken.
  

1. Trade setup:
   

• Entry: Current level ($2.94) or on a confirmed break above $3.00 with volume.
  
• Target: $3.20 (next major resistance zone).
  
• Stop loss: Below $2.70 to limit downside risk.
  
• Risk-to-reward: A favorable R:R setup, with significant upside potential if $3.00 is broken cleanly.
  
• Confidence level: 8/10 for continued upside movement.
  

1. Considerations:
   

• Breakout confirmation: Watch for a volume-supported break above $3.00 to validate the bullish flag pattern.
  
• Momentum check: Ensure that bullish momentum is sustained during the breakout.
  
• Risk management: Tighten stops if price rejects strongly at $3.00 to mitigate losses.
  

This setup aligns with a bullish continuation narrative, but successful breakout confirmation is critical for further upside to $3.20.