$XRP shows signs of being overbought: a correction may be around the corner
After reaching a local maximum of $2.1862, $XRP slightly retraced and is now trading at $2.1403 (+5.14% over the day). Despite the strong momentum, technical indicators suggest a possible cooling off.
StochRSI (88.24) and MAStochRSI (92.29) are in the deep overbought zone, signaling a possible bearish divergence. RSI(6) — around 68.56 — also hints at short-term exhaustion of the upward momentum.
If profit-taking begins, the nearest support levels are located at $2.05, $1.97, and $1.84. These levels may become areas of interest for buyers during a correction.
Conclusion: the market remains bullish, but caution is more important than greed right now — don't chase green candles blindly.