$RPL /USDT has had a jaw-dropping breakout, leaping from a low of $3.85 just days ago to a peak of $7.39 — nearly doubling in value before pulling back to its current price around $6.26. This kind of surge is not just impressive; it signals serious momentum and the attention of big money. The 2-hour chart paints a clear picture of a parabolic move, but we’re now seeing early signs of exhaustion — a long upper wick on the recent candle and a sharp retracement suggest that short-term holders may be taking profits.
The volume is surging, with a major spike during the breakout, which confirms the strength of the move. However, this volume also came with a drop from the top, hinting at potential distribution. The price is still well above key moving averages, which have turned sharply upward — bullish, but also extended, meaning we could see a cooling-off period before any continued rally.
The trend remains bullish in the short term as long as RPL holds above the $5.20–$5.40 zone, which is now acting as a potential support base after the breakout. If the bulls manage to regain momentum and push past the $6.80–$7.00 zone again with volume, a retest of the recent high at $7.39 — or even a push toward $8.00 — is possible. But if selling pressure continues, we could see a deeper pullback toward $5.00 or even $4.45, which was the last consolidation zone.
This is a classic case of a high-momentum breakout in need of a breather. Traders may want to stay nimble — watch for consolidation and volume signals to confirm the next big move. Are we fueling up for another liftoff, or are we headed back down for refueling? Time — and volume — will tell.
