Analysis of XRP surge
$XRP The current price is 2.7136 USDT, which has risen by 42.71% in one day. It is like riding a rocket! But in this rise, the greed and panic of human nature are exposed, just like Ah Q. After the surge, there may be a heavy rain.
Here is a wave of technical analysis:
The short-term moving averages (MA5 and MA10) are all below the price, indicating that the short-term rise is very fierce.
The medium- and long-term moving averages (MA20 and MA30) are also moving upward, and the bullish trend is very stable.
On the Bollinger Bands (BOLL), the price is about to touch the upper track, and it may need to be adjusted if it goes up.
On the MACD indicator, DIF (0.1285) and DEA (0.1128) are both above the zero axis, the column is still widening, and the rise is still strengthening.
On the KDJ indicator, both the K value (75.1790) and the J value (98.6539) are overbought. Although strong, you should be careful about the pullback.
This wave of rise may be due to the development of the Layer 1 ecosystem, the influence of mainstream cryptocurrencies, or good news about regulation. But in the final analysis, the market is still dominated by emotions. The more it rises, the more retail investors rush in, and the big players may be waiting to harvest on the side.
Operational advice: Stay calm and don't let your emotions carry you.
Short-term operation:
If you have a position, you can consider selling near the 2.75-2.80 range, and leave when you make some money to avoid the risk of a pullback.
If you want to chase highs, wait for the 2.50-2.60 range to pull back before entering, but don't forget to set a stop loss, as the volatility is also large when it rises.
In the medium and long term:
For diehard fans of XRP, breaking through 3.0 is the goal, but don't get carried away and add positions, wait until the market calms down.
Risk warning:
In the cryptocurrency industry, not all roads are viable, some roads are traps, don't be too greedy.
Summary:
In the cryptocurrency world, every carnival may be the beginning of a disaster. Don't be overwhelmed by profits, make rational judgments, and operate calmly. It is said that "you can't live without madness", but after the madness, you have to see how much is left in your account, don't let the profit become a bubble.
For the next layout direction, I will lead everyone to aim at the profit opportunities of the cottage, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!
