The coin $XRP is currently trading at a level of 2.3034 with a strong increase of +6.32% over the past 24 hours, having risen from a low of 2.0591 to near the previous resistance of 2.3126.
So is this a real breakout? Or are we experiencing a temporary excitement? Let's analyze the picture together. 👇
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⚖️ Is buying now a smart decision?
✅ Opportunity if:
Looking for a quick trade and speculation on strong momentum.
I placed a stop loss below 2.15 (near support).
Targeting profit near 2.48 or even 2.50 (previous resistances on the chart).
$XRP
❌ Risk if:
Enters without technical confirmation despite RSI reaching the overbought area (75+).
Ignoring market fluctuations or news related to the legal case (SEC) could change the scene.
🔎 Supporting indicators:
RSI indicates strong momentum (75.06) → but beware of a reversal.
MACD gives a positive crossover → upward momentum is still ongoing.
Increase in trading volume (Vol) → support for the current movement.
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📢 The final word:
XRP still shows signs of strength, but its proximity to critical resistance areas may mean that the next move will be decisive. Either a breakout and the start of a new wave, or a painful correction.
Watch the price at 2.31 - 2.48
$XRP
🔁 What do you think? Is XRP gearing up for a major breakout? Or is a correction coming? Share your perspective 👇