
Technical analysis of XRP price today highlights some interesting developments compared to yesterday's analysis.
Firstly, we managed to slice through the resistance area that we were observing yesterday. Moreover, XRP price also breached the psychological threshold of $3, showcasing remarkable strength.
The daily candle today, at the time of writing, is displaying a decent lower shadow, which we can keep an eye on for the potential formation of any well-known patterns (you can learn more about Japanese candlesticks here ).
Now, in an ideal scenario, XRP could pause for a bit, retest $3, and then hopefully bounce back successfully and continue its journey to attack all-time highs. However, things rarely work out that way.
Currently, we have exuberance dominating the scene, and the overextension on the chart is becoming more and more evident. This puts us in a scenario where we could really go either way—we could go up again and attack the ATH, or we could see a sudden reversal, which could be the result of profit-taking from those who have held XRP since the old days and want to finally get back their principal capital.
Of course, even if we do crash, it wouldn't immediately change the status of the coin, which is having a good time for well-founded reasons and not just because of FoMO.
Also, pay attention to a key piece of data: open interest.
免責事項:info@kdj.com
提供される情報は取引に関するアドバイスではありません。 kdj.com は、この記事で提供される情報に基づいて行われた投資に対して一切の責任を負いません。暗号通貨は変動性が高いため、十分な調査を行った上で慎重に投資することを強くお勧めします。
このウェブサイトで使用されているコンテンツが著作権を侵害していると思われる場合は、直ちに当社 (info@kdj.com) までご連絡ください。速やかに削除させていただきます。