$XRP
IMPRIME SINAL EXTREMAMENTE BULLISH EM $1.31 - É HORA DE COMPRAR?
What’s happening:
XRP is at $1.3176 today, up +1.85%, even after dropping 10% on Tuesday with the delay of the CLARITY Act in the Senate. The token held a crucial support level at $1.2844 and now shows a long-to-short ratio of 1.06, the highest level of the month, with a negative funding rate at -0.0040%—a combination that historically precedes a short squeeze.
My take here is that the market is underestimating XRP. Despite the dip on news about the CLARITY Act that would prevent commodity status for now, the technical structure remains intact above the 50- and 100-day averages. The RSI at 54 on the 4h chart with the MACD above the signal shows buyers are returning. I see a decisive zone between $1.28 and $1.38. As long as $1.28 holds, I consider continuation to $1.51 the base case, and I’m positioned for that move with risk management at $1.25.
Do you think XRP breaks $1.38 this week?
DYOR. Follow me for more investment content.
IMPRIME SINAL EXTREMAMENTE BULLISH EM $1.31 - É HORA DE COMPRAR?
What’s happening:
XRP is at $1.3176 today, up +1.85%, even after dropping 10% on Tuesday with the delay of the CLARITY Act in the Senate. The token held a crucial support level at $1.2844 and now shows a long-to-short ratio of 1.06, the highest level of the month, with a negative funding rate at -0.0040%—a combination that historically precedes a short squeeze.
My take here is that the market is underestimating XRP. Despite the dip on news about the CLARITY Act that would prevent commodity status for now, the technical structure remains intact above the 50- and 100-day averages. The RSI at 54 on the 4h chart with the MACD above the signal shows buyers are returning. I see a decisive zone between $1.28 and $1.38. As long as $1.28 holds, I consider continuation to $1.51 the base case, and I’m positioned for that move with risk management at $1.25.
Do you think XRP breaks $1.38 this week?
DYOR. Follow me for more investment content.