###ATTENTION: YOU BE CAREFUL WITH $XRP 🔥🔥
XRP, after many days of continuous growth, is having a pretty bad 1D candlestick.
In case XRP closes the daily trading session at 7:00 a.m. tomorrow morning in the area below 0.58 USD, it will create a "pair of chopsticks" candlestick pattern (one green candle and one red candle with short wicks, body of nearly equal length). 👉High possibility of continued dumping.
The next support zone will be at 0.47 USD and 0.4 USD.
💵Plan for short orders:
If XRP closes the 1D candle as planned above, you can wait for the price to return to the 0.6 USD area and place a small leveraged short order, with a stop loss price of 0.65 USD (equivalent to cutting loss by 7% with X1 leverage). ).
TP is in the two support zones mentioned above.
💥Note: Newcomers absolutely should not participate in furture or leveraged margin. Those with experience can only use small leverage, because the altcoin market is very volatile.
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🤔In the long term, since mid-2022, most of the time the price is only $XRP
moving sideways in the range of 0.35 - 0.7 USD and there has been no sudden growth. I think the strong pump of XRP will come in early 2025, when the lawsuit with the SEC ends and the general market warms up again.
In the past, the capitalization of $XRP peaked at nearly 100 billion
USD. Currently, capitalization is at ~ 30 billion USD 👉XRP price can be expected to return to its peak at 1.8 - 2 USD next year.
