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$XRP Defending Critical Support After Recent Rally
The price of Ripple ($XRP) is currently trading at $1.4567 (approx. 405.20 PKR), holding steady with a +1.67% gain. On the 4-hour chart, $XRP has entered a consolidation phase after a sharp move to the $1.5484 high. It is currently defending a vital support level around the $1.42 mark, signaling that bulls are preparing for another leg up toward major resistance.
Long $XRP
Entry Zone: $1.4350 – $1.4600
Stop Loss (SL): $1.3800
Target 1 (TP1): $1.5500
Target 2 (TP2): $1.6800
Target 3 (TP3): $1.8200
Market Analysis
$XRP is displaying a healthy "buy-the-dip" structure. After hitting a local peak of $1.5484, the price has retraced to find liquidity near the previous breakout point. The 4-hour candles show significant buying interest at lower levels, and the overall trend remains bullish. As long as $XRP stays above the $1.42 floor, we expect a retest of the $1.50 range, with potential for extended gains driven by positive institutional sentiment and high trading turnover.
#GateSquareMayTradingShare $BTC