Usman Salis
⬤ A recent trader update revealed an 11% gain on XRP after buying near the $2.19 support level. While the trader had previously mentioned a lower support band around $2.07 in earlier videos, no entry was made there. Instead, an alert was set at $2.19, triggering a small initial purchase. A second entry followed after a bullish signal appeared on Sunday. The update came in response to followers asking for clarification on the position.
⬤ The accompanying charts show XRP moving within a defined range, with support sitting near $2.19 and around $1.90, while resistance forms between $2.50 and $2.70. On the 1-hour timeframe, XRP bounced off support multiple times, pushing the RSI into overbought territory as momentum picked up. The higher timeframe chart shows a similar rebound from the lower band, with XRP now approaching mid-range. The $2.70 level stands out as a critical pivot—price action "above $2.70 is one thing, below it another," according to the trader's note.
⬤ The crypto market continues navigating uncertainty, with ongoing discussions around potential tax policy shifts that could impact smaller traders and affect overall liquidity. While the update didn't address specific regulations, these considerations remain part of the broader risk landscape for crypto participants.
⬤ For investors, the takeaway is straightforward: support-based entries, momentum confirmation, and timely profit-taking matter—especially with volatile assets like XRP. With 11% already locked in and the trader reminding followers not to skip taking profits, the focus now shifts to whether XRP can hold its recent strength or hit resistance as it nears the $2.70 threshold shown on the charts.
Usman Salis
