buy on weakness

XRP Pullback Seen as Buying Opportunity; $3.38 Retest Expected

I see XRP trading at $3.09 after a 6% pullback, which followed a recent breakout above a key resistance level.

I believe the SEC settlement continues to underpin bullish momentum, and technicals suggest the move higher remains intact despite the dip.

I expect a retest of $3.38 if the current support holds; I'll consider buying on weakness while managing risk with a defined stop and position sizing.

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Analysis

Despite a short-term 6% drop, XRP’s breakout above prior resistance and continued bullish momentum tied to the SEC settlement point to higher-probability upside toward $3.38, provided support holds an...

Recommendation

Buy on weakness: consider accumulating on dips with a clear stop-loss and position sizing, targeting a move toward $3.38 while watching for failure of key support that would invalidate the bullish the...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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