🔥 XRP Soars to Break 2.55! Overbought Alert Triggered, Is the Bearish Counterattack Opportunity Coming?
In the past 24 hours, XRP surged nearly 15%, with a peak price of 2.5487 USDT, strongly breaking through the yearly high, igniting market FOMO sentiment, with unusual activity from Korean funds.
However, technical indicators are signaling alarms; is the bearish side facing a strike window?
Technical Analysis: Signs of Overheating in Bullish Sentiment
1. Price Status
Current Price: 2.5487, nearing the upper Bollinger Band at 2.553 (price within the Bollinger Band range at 97.3%), severely overbought
Deviation from MA200 (2.2937) +11.1%, deviation from average holding cost (2.3107) +10.3%
▶ Supports medium-term bulls but short-term pullback pressure is increasing significantly
2. Market Strength Structure
24-hour Volume Ratio: 1.17, moderate increase in volume
15-minute Contract Net Outflow: 66,000 USDT
Long/Short Ratio changed from 1.95 → 2.10, bullish sentiment is extremely hot, beware of a pullback after a surge
3. Order Book Structure
Buy Side: Near premium buy orders reach 787,000 USDT
Sell Side: Resistance zone concentrated at 2.5621 – 2.59 USDT, total pending orders approximately 1.9 million USD
Key Support/Resistance Levels
Support Level: 2.5339 (Liquidity Support 445,000) → 2.510 (Psychological Level)
Resistance Area: 2.5621 (Sell Orders 274,000) → 2.59 (Sell Orders 289,000)
Market Cycle Judgment
Currently in the mid-acceleration phase of a bull market
But RSI at 79.8 + short-term increase nearly 15%, indicating significant overheating signals
The next phase is likely to enter consolidation or high-level sideways movement
Bearish Swing Strategy (High Risk, Fast Pace)
Entry Point: 2.552 (Upper Bollinger Band + Starting Point of Resistance Area)
Stop Loss: 2.565 (Breakthrough of Key Resistance Area)
Target Price: 2.45 (MA200 and Average Holding Cost)
Risk-Reward Ratio: 7.85
(Calculation Formula: (2.552 – 2.45) / (2.565 – 2.552) = 102 / 13)
⚠️ Risk Warning (Must Read)
If the 1-hour close exceeds 2.565, immediately stop loss for short positions, beware of short squeezes
Significant anomalies in Korean funds (also active in $ARB / $MASK), if sudden positive news coincides, it can easily trigger a short-term spike
Recommend position ≤ 2%, avoid low liquidity periods during Asian trading hours (07:00–09:00 UTC)
This strategy is for reference only and is not investment advice. The crypto market is highly volatile and risky; execute strategies with strict position control and disciplined stop-loss.
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