🔥 XRP/USDT: From shock to growth — what is behind the sharp rebound?
📊 Key data
- Current price: $2.2466 (+3.88%)
- Recovery: From a low of $2.1167 (up 6.1% in a day)
- Volumes: $4.76M (MA5 > MA10 — buyer interest)
📈 3 reasons for growth:
1️⃣ Rebound from "Damocles" – the level of $2.1822 (SAR) acted as support
2️⃣ Short positions in panic – mass closures of shorts
3️⃣ Hype before Ripple news – rumors of a partnership with a bank in Asia
💡 Strategies:
- Long:
- Entry on corrections to $2.22
- Stop: $2.18 (below SAR)
- Target: $2.29 (test of resistance)
- Short:
- Only upon a break below $2.18
#XRP #Trading
---
💬 Your opinion? Is this the beginning of a new rally or a temporary correction?