#MarketPullback
$XRP is currently trading around $2.18, testing the 200 EMA on the 15-minute chart. While this might seem like a bullish setup, RSI(6) is at 76, indicating the market is in an overbought zone.
Key Insights:
Current Price: $2.1800
Immediate Resistance: $2.1850 (near 200 EMA)
Support Zone for Entry: $2.1550 – $2.1650 (wait for a pullback)
Breakout Buy Confirmation: Above $2.1858 with strong volume
Targets:
TP1: $2.21
TP2: $2.24
Stop-Loss: Below $2.1290
Strategy: Wait for a pullback to enter safely. If $XRP breaks above $2.1858 with volume, that could signal a breakout entry. Avoid entering at the current level due to RSI overextension.