Latest XRP Market Analysis: Pullback Accumulation or Trend Reversal?

Currently, the XRP price has returned to around 2.90, oscillating back down from a high of 3.0379. However, it has not broken below the middle Bollinger Band, indicating that the trend is still intact, just at a slower pace.

Although the MACD is still showing a death cross, the downward momentum is weakening, and the histogram is gradually contracting; the middle Bollinger Band is at 2.8751, which is the dividing line for the market. As long as it holds here, there is still a chance to challenge 3 dollars upwards.

For short-term operations, it is suggested to try a light long position on the pullback around 2.88-2.875, with a stop loss set below 2.83, and a target looking at 2.95-3.00, with a breakthrough to look at the previous high of 3.0379.

If there are multiple rebounds that do not exceed 3.00 and the volume does not follow, then there may be a suspicion of a false signal, and at that time, consider switching to a bearish mindset. #xrp #山寨季何时到来？ #币安Alpha上新 #CPI数据来袭 #币安钱包TGE