🚨 XRP holders, take note: A noteworthy technical shift is happening on the 4-hour chart as XRP forms a reverse cup pattern, with the handle soon to complete. This could be a key turning point for the asset!
🔴 Meanwhile, Bitcoin ($BTC) is on the brink of possibly hitting $90,000, which may send ripples through the market, potentially boosting XRP along the way.
📊 Given the current market conditions, here’s an approach that could work to your advantage:
💡 Sell high, buy low: Look for opportunities to maximize your profits through market timing.
🔥 Consider opening a short position during the distribution phase to benefit from potential price swings.
🗓️ Big moves ahead: In just 4 hours, Asian stock exchanges (Japan, Korea, and China) will reopen after an extended break, likely triggering volatility. Expect an initial price dip, followed by a recovery surge, setting the stage for more price action and market fluctuations.
📣 What do you think? Share your thoughts and strategies with the Binance community and stay ahead of the curve!
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