XRP CM-Future Trade

Based on current market data,

---

Key Observations

1. Price Action

- Current Price: ~2.23 (slightly down from the 24h high of 2.2761).

- MACD: +0.0154 (bullish momentum but weak).

- SAR: 1.9484 (below price, suggesting uptrend).

2. Volume & Sentiment

- Taker Buy Volume (257.7M) > Sell Volume (171.8M), indicating short-term buying pressure.

- Negative Basis (Perpetual Futures trading below spot), signaling bearish sentiment overall.

3. Risk Factors

- MA(5) and MA(10) for price are much higher than current levels (~32M–45M vs. ~1.8M), hinting at potential resistance.

- Declining volume (Vel at 1.8M vs. MA(5) at 32.8M) suggests weakening momentum.

---

Recommendation

Caution Advised

Mixed signals (bullish MACD/SAR vs. bearish basis/volume).

- Wait for Confirmation

- A break above 2.2761 (24h high) with rising volume could confirm bullish momentum.

- Monitor the basis turning positive (futures > spot) for stronger long entry signals.

If entering long Use tight stop-losses (e.g., below 2.1309 support) to manage downside risk.

Final Advice

Futures trading is high-risk. Always cross-verify with real-time data and broader market trends.

This is not a financial Advise Please DYOR before doing any investment.