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$XRP is on fire with a parabolic rally from 1.85 to 2.40, crushing through all resistance levels. Volume is screaming bullish with massive buying pressure. However, this move is extremely extended and overheated, price is way above the MAs. While momentum is strong, we're likely due for either consolidation or a sharp pullback before the next leg.
Trade Setup:
TP1: 2.50
TP2: 2.70
TP3: 3.00
Stop Loss: 2.20
This is a momentum play on a rocket ship, but don't get greedy. The move is overextended, so either take profits quickly or wait for a healthy pullback to the 2.10-2.15 zone before reentering. The stop is wider than usual because volatility is through the roof right now.