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#XRP# /USDT Technical Outlook
#Ripple# has made a strong breakout from a prolonged horizontal movement and has once again become the focus of investors. The critical levels for XRP, which is currently trading at around $3.00, are quite clear:
🔹 Support: 1.85 $
This area stands out as the strongest holding point during pullbacks.
🔹 Resistance: 4.35 $
The first major obstacle in front of the upward movement. A strong momentum is expected with the volume breakout of this level.
🔹 First Target: 5.40 $
According to the Elliott wave structure, a five-wave upward movement is anticipated. If sustainability is achieved above the 4.35 $ resistance level, the first major target for XRP will be the 5.40 $ levels.
📈 Looking at the overall chart, XRP is moving towards a strong bullish structure. Pullbacks in the market can be seen as buying opportunities, but the use of stop-loss is critically important for risk management.
$XRP $Ripple