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🚨Note: There is a reward in my first article🚨📈
$XRP Currency Recommendations
Overview
Current price: 2.3151 USDT
24h rise: +10.71% 🔼
Highest price in 24 hours: 2.3194
Lowest price in 24 hours: 2.0736
24h trading volume: 542.02 million XRP
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Key Technical Indicators 📊
Moving Averages (MA):
MA(7): 2.2248 (Positive signal 🔼)
AND (25): 2.1400
MA (99): 2.1199
Relative Strength Index (RSI 6): 91.98 (Strong Overbought 🚨)
Stochastic indicator:
K: 90.05
D: 83.62
J: 102.92 (overbought, may indicate imminent correction)
MACD: 0.01178 (positive signal for bullish momentum)
Trading Volume (Vol): 22,987,735
OBV (Cumulative Trading Volume): 2,803,795,234 (Strong signal of rising demand)
Williams %R (Wm %R 14): -1.87 (overbought, signal of possible correction)
STOCH RSI: 98.35 (signal of severe overbought)
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Trend Analysis 🧐 $XRP
Short term trend:
The price is in a strong uptrend, having broken the previous resistance at 2.1050. Continued trading above the moving averages is a positive sign.
Long term trend:
The price has been moving in a clear uptrend since December 25, 2024, with strong momentum pushing the price above major resistance.
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Support and resistance points 📌
Current support level: 2.1400 (MA 25)
Next resistance level: 2.3858 (previous high)
Strong support (in case of correction): 1.9601
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Trading Forecast and Strategy 🎯
Emerging scenario:
If the 2.3194 level is broken, the price could target the 2.3858 level or higher.
Downside scenario:
In case of a correction, the price may return to test the support level of 2.1400. Breaking this level may lead to a decline towards 2.1050 or 1.9601.
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Tips for investors 💡 $XRP
Monitor overbought indicators (RSI and Stoch RSI), as a correction may occur soon.
It is recommended to take profits at high levels, and place stop loss orders at 2.1050 to protect profits.
The market is showing strong positive momentum, but caution is advised as indicators are reaching overbought levels.