$XRP

Strategy suggestions:

• Wait for reactions in the range of 2.17 – 2.18.

• If a bearish reversal candle appears in the resistance zone: consider light SHORT.

• Entry: 2.17 – 2.18.

• SL: 2.21

• TP: 2.11 – 2.08.

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Technical analysis:

– XRP has had a rebound after a strong drop accompanied by extremely high selling volume (Delta -46M). However, the current rebound lacks decisiveness and is mainly technical.

– Ichimoku Cloud:

• The price has just surpassed Tenkan but is still trapped in the red cloud – this is a choppy area, prone to reversal.

• Kijun remains above, indicating that the medium-term resistance is still strong.

• Chikou Span is still below the price, not confirming the uptrend.

– MACD:

• There has been a crossover upwards from the negative zone, but the Histogram is starting to weaken.

• The rebound momentum shows signs of slowing down – not strong enough to long aggressively.

– Volume Profile:

• The major resistance cluster lies in the range of 2.19 – 2.21, where there was a strong distribution.

• This rebound has not shown sufficient absorption of the previous selling pressure.

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Summary:
XRP may have just created a short-term bottom, but the area above is a strong distribution zone. The current uptrend should only be viewed as a technical rebound. Wait for clear signals to react – do not blindly catch the bottom.

$ME $OM

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