Let's take a look at today's XRP situation. While I was sleeping in the early morning, XRP surged again. This kind of rise is unpredictable unless I am the market maker, and because of the contracts, I only trade short term. I take my profit points and leave. For long-term positions, I still rely on spot trading, so I advise everyone trading contracts to take profits in a timely manner. Now is not the time to casually enter and chase highs; if you do enter, set a proper stop-loss level.
Bollinger Bands: The upper band is at 2.3028, the middle band is at 2.1602, and the lower band is at 2.0177. The price is currently above the middle band, indicating a bullish trend.
RSI: The RSI value is 82.82, which is in the overbought zone. This suggests that the XRP price may need to correct or consolidate.
DMI: The ADX value is 69.13, indicating a strong trend. +DI is above -DI, suggesting a bullish trend.
MA (15 minutes): The moving average is 2.22407143, which also indicates a bullish trend.
MACD: The MACD line (DIF) is above the signal line (DEA), indicating a bullish signal.
KDJ: The K value is 71.56, the D value is 70.00, and the J value is 74.68. These values indicate that the XRP price is in the overbought zone.
According to the indicators, XRP is currently in a strong bullish market, but it is also in the overbought zone. Friends trading contracts might consider taking profits around 2.39 and setting a stop loss around 2.17 to manage short-term risk. If the price drops below 2.11, the trend of XRP may reverse or enter a consolidation phase.