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I shorted too and it was a wild ride but ended good 😅

Whale Tracker

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Even it has ki***lled so many 🥲

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ilcobianco

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that was great signal

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that was a great trade!!

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I shorted too, but holded till now

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The Emergence of an XRP ETF: Opportunities, Challenges, and Market Implications

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XRP Price Action & Trend $XRP Current Price: $3.03, down 3.16% in the last 24 hours. 24h High: $3.1540, 24h Low: $3.0143 – showing a relatively narrow trading range. Recent Peak: $3.40, followed by a downward trend. Technical Indicators Exponential Moving Averages (EMAs) EMA (7) (Short-term) = 3.0826 EMA (25) (Medium-term) = 3.0882 EMA (99) (Long-term) = 3.0128 The short and medium EMAs are above the current price, signaling a possible bearish trend. However, the 99 EMA is still below the price, which might act as support. Relative Strength Index (RSI) RSI (6) = 27.38 (Below 30) → Oversold Zone. This suggests that XRP is nearing a potential reversal or bounce. Moving Averages (MA) MA (5) = 27.6M & MA (10) = 28.1M show decreasing volume, which may indicate weakening momentum. MACD (Moving Average Convergence Divergence) MACD = -0.0047, DEA = 0.0047 → Weak bearish momentum. The MACD is negative, which aligns with the recent downtrend. Conclusion & Possible Scenarios Bearish Bias: Price is trending downward, with EMAs acting as resistance. Oversold Condition: The RSI is below 30, indicating a potential short-term bounce. Support Levels: The 99 EMA (3.0128) and psychological support at $3.00. Resistance Levels: $3.08 (EMA7), $3.15 (recent high), and $3.40 (previous peak). Trading Strategy Ideas For Short-Term Traders: Watch for a bounce from $3.00-$3.01, as RSI suggests oversold conditions. For Swing Traders: If XRP breaks above $3.08 (EMA7), it could signal a bullish reversal. For Bears: A break below $3.00 could indicate further downside, possibly to $2.95 or lower.

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