$XRP came very close to 1,4006, but at the moment, an uninterrupted upward move is unlikely.
On the chart, strong signals have formed for a local pullback (retest):
Local overheating: The RSI(6) indicator is at 77.15, which indicates a deep overbought zone.
Selling pressure: The current hourly candle left a long upper wick (filament) above the 1,4096 level, signaling profit-taking.
Breakaway from supports: The price has moved too far away from the moving average MA(7) (1,3891). Price tends to revert toward average values.
Conclusion: Entering a long position at the current prices is risky. The most likely scenario is a healthy retest of the 1,3800 – 1,3890 zone, from which, if buyers hold, the uptrend may resume. A false breakout can only be judged if the price makes a deep drop below 1,3620.
On the chart, strong signals have formed for a local pullback (retest):
Local overheating: The RSI(6) indicator is at 77.15, which indicates a deep overbought zone.
Selling pressure: The current hourly candle left a long upper wick (filament) above the 1,4096 level, signaling profit-taking.
Breakaway from supports: The price has moved too far away from the moving average MA(7) (1,3891). Price tends to revert toward average values.
Conclusion: Entering a long position at the current prices is risky. The most likely scenario is a healthy retest of the 1,3800 – 1,3890 zone, from which, if buyers hold, the uptrend may resume. A false breakout can only be judged if the price makes a deep drop below 1,3620.