XRP/USDT Market Update

XRP is currently trading at $2.3363, up 11.82% in the past 24 hours.

• RSI(6): 86.47 (overbought), RSI(12): 72.80 (near overbought), RSI(24): 60.83 (neutral).

=> The market shows strong bullish momentum but is approaching overbought conditions on shorter timeframes.

Target Levels:

1. $2.40 – Near resistance.

2. $2.50 – Key psychological level.

3. $2.70 – Long-term resistance.

Stop Loss:

• $2.18 – To protect below key support.

Trading Strategy:

• Long: Enter above $2.33, take profits at target levels, stop loss at $2.18.

• Short: Sell near $2.40 if rejected, target $2.20, stop loss above $2.45.

Manage risk carefully and monitor volume for potential breakout or breakdown signals.