Has Ripple reached its peak? Or has the rise not started yet?
🔥 Current scene: $XRP
- Current price: $3.44 (-4.04% today).
- Today's levels:
- Support: $3.40 | Resistance: $3.48.
- Strong support: $3.34 | Historical resistance: $3.66.
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⚡ Technical analysis: Clash between indicators!
1. Strength of the rise ("strong buy" signals):
- Moving averages (all timeframes):
- MA5 to MA200: All show a strong "buy" signal, especially when the price breaks above $3.40.
2. Overbought warnings (potential "sell" signals):
- Oscillators:
- STOCHRSI: at 100.
- RSI (14): 54.37.
- Trading volume: $15.4 billion.
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🚀 Today's trading recommendations:
1. For bold traders (buy now):
- Entry: at $3.40-$3.42 (near today's support).
- First target: $3.48 (daily resistance) | Second target: $3.60 (weekly resistance).
- Stop loss: below $3.38.
2. For conservatives (wait and watch):
- Waiting for a breakout of resistance at $3.48 to confirm the continuation of the rise.
- Avoid buying if the price drops below $3.38 (indicator of a short-term reversal).
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❓ In conclusion: Did Ripple rise early?
> "The price hovers at the threshold of its history.. and the indicators prepare for a battle between bulls and bears!
> In your opinion, will the battle be decided in favor of the nearby $4? Or will the technical overbought lose its momentum?"
