🚀 $XRP : An Opportunity or a Risk?
📊 Market Analysis:
$XRP is experiencing an impressive rise, reaching 2.72 USDT (+14.20% in 24 hours). This bullish movement, supported by strong volume, reflects growing investor interest. However, technical indicators (RSI: 97 and Stoch RSI: 99) show an overbought market, suggesting that a correction could be looming.
🔍 Key levels to watch:
Major resistance: 2.87 USDT
Immediate support: 2.12 USDT
Secondary supports: 1.90 USDT (average purchase price) and 1.50 USDT (EMA 25).
⚠️ Strategy:
For buyers, it is better to wait for a correction towards the identified support areas. A stepwise entry (e.g. 2.12, 1.90, 1.50) could maximize the upside while limiting the risks. Sellers, on the other hand, can consider taking partial profits if the resistance at 2.87 USDT is reached.
📈 Long-term trend:
The momentum remains clearly bullish, and a possible rebound after correction could lead to new highs.
💡 Stay informed and cautious: An overheated market is often followed by unpredictable movements. Plan your positions and use stops to protect your capital.
👉 Your opinion: Do you think XRP will continue its rise or will we see a correction soon?
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