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XRP (XRP/USDT) - Breakout and Retest: Price Increase Opportunity
XRP (XRP/USDT) has attracted attention with a strong price surge on the 4-hour time frame. This significant increase may signal the start of a sustainable uptrend, providing an interesting opportunity for traders to capitalize on. Let's explore the details and trading strategy for XRP.
🔍 Main technical settings Breakthrough confirmation: XRP has recently surpassed a significant resistance level, a classic sign of price momentum. Breakouts like these often indicate a shift in market sentiment and potential for higher price targets. Check back at the Fibonacci Level: A retracement to the Fibonacci 0.236 retracement level is the key area to enter the market. This level corresponds to an important support area, which may act as a springboard for further upward momentum.Price increase indicators:Increasing volume: The volume during the breakout is significantly higher, consolidating the validity of this move.Trend strength: The moving average and RSI indicator are upward, signaling sustainable bullish strength. 🎯 How to trade XRP To maximize this upward trend, follow the step-by-step trading plan below: