XRP recently shows some interesting signals on the 30-minute chart. The price just broke above the middle band of the Bollinger Bands at 1.9880, which initially looks promising, but the details are worth scrutinizing.
Talking about bullish opportunities: entering with a small position is an option, but caution is necessary. The KDJ has entered the overbought zone, and trading volume is shrinking at the same time, which is a clear warning sign. More concerning is that the OBV indicator is trending negative, forming multiple divergences with the price increase—this makes chasing higher quite risky.
If you really want to go long, take profit at 2.0544 (Bollinger Band upper band) or directly target 2.0600; both levels can be considered for partial exits. The stop-loss is set at 1.9800, providing a relatively safe defense. If the structure fails and the middle band at 1.9880 cannot hold, then you need to decisively accept the loss and reconsider your approach.
In summary, this market wave presents both opportunities and risks. Don't be greedy; executing according to the plan is the key.
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NeonCollector
· 5h ago
Oh no, it's another high-level divergence show. I think the bulls' move this time is a bit weak.
The KDJ overbought volume is still shrinking, and OBV is also diverging... Isn't this a sign of a trap? More cautious traders should have already reduced their positions.
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0xLostKey
· 21h ago
Once again, it's this kind of divergence activity. XRP's current move is a bit weak.
KDJ overbought, trading volume shrinking, OBV still negative. To put it simply, the bulls are just holding on, no one is taking over. It's okay to test with a small position, but I really don't dare chase the high.
Stop loss at 1.9800 must be firmly defended. If it breaks this level, it's an outright showdown, there's no need to hesitate.
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BlockchainFries
· 01-03 19:00
Hmm... this divergence is quite strong, feels like another wave of fake bullish signals.
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gm_or_ngmi
· 01-03 01:55
Even with such obvious overbought signals, why chase? This is just the rhythm of cutting leeks.
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SchrodingersPaper
· 01-03 01:50
It's that kind of market that "looks good but the details are heartbreaking," with KDJ overbought and declining volume. I knew this wave wouldn't go smoothly.
Setting a stop-loss at 1.9800 as a safeguard—easy to say, but once it's broken, you really have to make a tough decision. I really dislike moments that require strong execution.
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WhaleWatcher
· 01-03 01:45
Hmm... Even with such obvious divergence, do I still have to chase? I think it's uncertain.
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HackerWhoCares
· 01-03 01:44
Oh no, another overbought signal, OBV is still negative... After this series of signals, chasing highs really is a gamble with luck.
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TideReceder
· 01-03 01:30
It's the same divergence logic again. To be honest, it's a bit annoying, but we really have to be cautious.
XRP recently shows some interesting signals on the 30-minute chart. The price just broke above the middle band of the Bollinger Bands at 1.9880, which initially looks promising, but the details are worth scrutinizing.
Talking about bullish opportunities: entering with a small position is an option, but caution is necessary. The KDJ has entered the overbought zone, and trading volume is shrinking at the same time, which is a clear warning sign. More concerning is that the OBV indicator is trending negative, forming multiple divergences with the price increase—this makes chasing higher quite risky.
If you really want to go long, take profit at 2.0544 (Bollinger Band upper band) or directly target 2.0600; both levels can be considered for partial exits. The stop-loss is set at 1.9800, providing a relatively safe defense. If the structure fails and the middle band at 1.9880 cannot hold, then you need to decisively accept the loss and reconsider your approach.
In summary, this market wave presents both opportunities and risks. Don't be greedy; executing according to the plan is the key.