$XRP
Current Status:
- Price: 2.9373 - 24 Hour Change: -4.59
- Highest Price in 24 Hours: 3.1072
- Lowest Price in 24 Hours: 2.9164 - SAR indicator above the price → Currently a bearish signal.
- KDJ shows a slight bullish crossover → Potential recovery beginning.
- The candles show an attempt to bounce back after the drop, but no strong confirmation yet.
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Positives:
- The price is close to an important support level (between 2.90 – 2.92).
- The KDJ indicator crossover gives a weak bullish signal.
- There is a slight bounce after the drop.
Negatives:
- The overall trend is still corrective after the price reached 3.66.
- The SAR indicator still confirms the downward path.
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Technical Opinion:
- Short-term trend: Sideways leaning down unless 3.00 is breached - Safe entry: after closing a 1-hour or 4-hour candle above 3.05
- Important support: 2.91 – breaking it means further decline
- Stop loss: below 2.89
- Targets:
- TP1: 3.05 - TP2: 3.12
- TP3: 3.20 (if the resistance is breached)
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Summary:
- Currently, there is no strong buy signal.
- We need confirmation of breaking 3.00 – 3.05 with volume.
- If the price fails to hold above $2.91, we may see further decline.