XRP/USDT Weekly Breakout – Potential 200% Upside!
2024-09-29

XRP/USDT is on the verge of breaking out from a long-term descending triangle pattern on the weekly timeframe. The price is currently hovering near the critical resistance zone. A confirmed breakout could set the stage for substantial bullish momentum.

Entry Strategy:
- Entry: Upon a clean breakout, close above the 0.6270 level, confirming the move beyond the descending resistance line, to accumulate $.55 to .62 is a good range!

Stop Loss (SL):
- Stop Loss: Set below the support level at 0.4820, in case the breakout fails and bearish momentum takes over.

Take Profit (TP) Targets:

- Target 1 (TP1): 0.9380 – A retest of the local high from April 2022. This target offers a 50% potential upside.

- Target 2 (TP2): 2.0059 – The major resistance level and key psychological zone. This gives a possible 200% gain from the breakout entry.

This is not financial advice, Always do your research.

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#PEACE