Xrp is in a complicated situation, moving within a descending expanding bullish wedge on the 1-day timeframe and a smaller one on the 4-hour timeframe. Within the larger wedge, a test of levels is possible, up to 2.30-2.45. However, at the moment on the daily timeframe, it is reacting to the 50 EMA of this timeframe, the level, and the order block around 2.95, and is holding this level, which coincides with the lower boundary of the wedge on the 4-hour timeframe. One argument for a drop is the fact that on the 4-hour timeframe, the price is below all EMAs, including the 200. For now, I observe that on one hand, one could take a long position with a short stop just below the level of 2.90, but on the other hand, the situation is quite shaky. I decided to enter a position with a short stop for myself. However, this is a high-risk trade, as there are more arguments for a decline.
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