📊 Market Analysis – Possible Correction Bottom?
🔹 $XRP /USDC
• The price has bounced off the local bottom of 2.8223 USDC.
• We see a series of green candles and a return above the MA(5) and MA(10) averages.
• RSI(6) currently shows strong overbought (88), suggesting that the momentum is strong, but a slight cooldown is possible in the short term.
• MACD is positive with increasing histograms → a signal for the continuation of the uptrend.
🔹 $HBAR /USDC
• Strong defense at the level of 0.22688 USDC, from which a bounce has occurred.
• Currently, the price is above the MA(5) and MA(10), giving a bullish signal.
• RSI is in the neutral range (around 58), indicating still considerable potential for further gains.
• MACD is beginning to show positive momentum.
✅ Summary: It seems that the current levels may be a local correction bottom. XRP is already showing a strong bounce, and HBAR looks ready for further upward movement.
🚀 Strategy:
• For XRP – watch out for short-term overbought, but the medium-term trend favors further gains.
• For HBAR – looks technically sound, a good time to accumulate.
👉 We may be at a point where it is worth considering entering long positions.
