š¤ ChatGPT predicts XRP growth to $3.5 š¤
There is a lot of attention on XRP right now, here is the strategy ChatGPT suggests based on RSI and BB on the daily chart.
šÆ Technical Analysis
ā«ļø The price confidently broke through the upper BB band ā a classic signal of a strong impulse and possible continuation of growth.
ā«ļø The widening bands indicate high volatility ā both trend continuation and sharp pullbacks are possible.
ā«ļø RSI is around 80 ā clear overbought condition, which greatly increases the likelihood of a short-term pullback.
ā«ļø Nevertheless, the "trending" RSI (>60) remains, confirming the strength of the upward trend.
š„ Scenarios
ā«ļø Base (60%): $2.5-3 ā growth of 10-25%.
ā«ļø Optimistic (25%): $3-3.5.
ā«ļø Negative (15%): drop to $2.10-2.2 and a renewed attempt to grow.
š Recommendations
ā«ļø Entry point: pullback to the middle BB band (~$2.32-2.38).
ā«ļø Stop-loss: slightly below support ā $2.20-2.25 (overall) or $2.50 (intraday protection).
ā«ļø Targets: $3 and then $3.4-3.5.
ā«ļø Management: Small initial positions, add on breakout of $2.6-2.7.