#AltcoinTrade #AltcoinSeasonComing
📈 Technical analysis of XRP based on the time frame
⏱️ 15-minute frame (15m)
• Signal: RSI and MACD indicate overbought signals, potential for short-term correction.
• Strategy:
• Short:
• Entry: $2.45
• SL: $2.50
• TP: $2.35
• Probability of success: 60%
• Reason: Overbought on RSI and MACD, potential for short-term correction.
🕐 1-hour frame (1H)
• Signal: Price is above MA200, upward trend but showing signs of slowing down.
• Strategy:
• Long:
• Entry: $2.30
• SL: $2.20
• TP: $2.50
• Probability of success: 65%
• Reason: Upward trend still exists, but MACD signals need to be monitored.
🕓 4-hour frame (4H)
• Signal: Price surpasses MA200, clear upward trend.
• Strategy:
• Long:
• Entry: $2.25
• SL: $2.10
• TP: $2.60
• Probability of success: 70%
• Reason: Strong upward trend, support from MA200.
📅 1-day frame (1D)
• Signal: Price reached a peak of $2.47 and is slightly correcting.
• Strategy:
• Long:
• Entry: $2.20
• SL: $2.00
• TP: $2.70
• Probability of success: 75%
• Reason: Positive long-term trend, potential for continued increase if it surpasses the previous peak.
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✅ Conclusion
• Short-term long: Caution due to overbought signals on the 15-minute frame.
• Mid-term long: Favorable on the 1H and 4H frames, but MACD signals need to be monitored.
• Long-term long: Positive if the price holds above $2.20 and surpasses the peak of $2.47.
Note: The cryptocurrency market is highly volatile, risk management must be strict and updates frequent.