The bloody Thursday begins now!
Next stop 1,90 and from there 0,80 will be the target
🎯
Huy Mạnh Bế
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Bearish
#$XRP
Technical Analysis:
Resistance: The $2.33 level is considered as the nearest resistance. If XRP breaks above this level, the price may continue to rise to higher levels.
Support: The $2.26 level acts as an important support. If the price falls below this level, XRP may continue to correct to lower levels.
Technical Indicators:
RSI (Relative Strength Index): Currently, XRP's RSI is at neutral levels, indicating that the market is neither overbought nor oversold.
CMF (Chaikin Money Flow): XRP's CMF indicator is at -0.05, indicating slight selling pressure, but not significant.
Recommendation:
Based on the current technical analysis, XRP is in a consolidation phase and there is no clear signal about the next trend. Investors should keep a close eye on the aforementioned resistance and support levels. If the price breaks above the $2.33 resistance level with increased trading volume, a buy entry may be considered. Conversely, if the price falls below the $2.26 support level, a sell entry may be considered to reduce risk.
Technical Analysis:
Resistance: The $2.33 level is considered as the nearest resistance. If XRP breaks above this level, the price may continue to rise to higher levels.
Support: The $2.26 level acts as an important support. If the price falls below this level, XRP may continue to correct to lower levels.
Technical Indicators:
RSI (Relative Strength Index): Currently, XRP's RSI is at neutral levels, indicating that the market is neither overbought nor oversold.
CMF (Chaikin Money Flow): XRP's CMF indicator is at -0.05, indicating slight selling pressure, but not significant.
Recommendation:
Based on the current technical analysis, XRP is in a consolidation phase and there is no clear signal about the next trend. Investors should keep a close eye on the aforementioned resistance and support levels. If the price breaks above the $2.33 resistance level with increased trading volume, a buy entry may be considered. Conversely, if the price falls below the $2.26 support level, a sell entry may be considered to reduce risk.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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