XRP
Long

XRP/USD 30-Min Chart – Bullish Reversal Setup from Support Zone

278
XRP/USD 30-Min Chart Analysis – July 23, 2025
Current Price: $3.4665
Timeframe: 30-Minute
Trend Setup: Bullish Reversal Setup from Support

🔍 Key Levels Overview:
Entry Point Zone: $3.39762
Price is hovering near this marked support zone. Bullish entry is expected around this area on confirmation.

Stop Loss: $3.35129
Placed below support and previous lows, protecting against deeper breakdowns.

Target Point (TP): $3.67108
Aligned with a previously established resistance zone. Expected move is approx. +0.26599 (+7.82%) from entry.

📊 Indicators:
50 EMA (Red): Price is currently below the 50 EMA — short-term momentum is bearish, but this setup anticipates a reversal.

200 EMA (Blue): Positioned just above the entry area, offering dynamic support and confluence for a bounce setup.

✅ Trade Setup Summary:
Bias: Bullish

Reward Potential: ~7.82%

Risk: ~1.36%

Risk-to-Reward Ratio: ~5.7 (highly favorable)

📌 Strategy Notes:
Wait for bullish confirmation (e.g., bullish engulfing or hammer candlestick) near $3.39762.

Ideal for short-term scalping or intraday swing play if reversal confirms.

A break below $3.35129 invalidates this bullish scenario.

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