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$XRP Currently watching XRP, the price is around 1.364 USDT. Do you think it will continue to grind higher, or is it about time for a pullback?
If I had to give a conclusion, I would lean more towards: it looks like a high-level divergence, not suitable for chasing longs right now.
Here's my reasoning:
First, this rally seems more like an emotional surge, and the follow-through hasn't caught up yet.
Second, the high-level divergence is starting to widen, making a short-term shakeout more likely.
To add, BTC isn't strong, so altcoins have room for a waterfall decline; if BTC's 15m/1H charts show a strong upward trend, then abandoning the short position is the better choice.
My targeted entry point: 1.375 USDT
Estimated target price: 1.293 USDT
Stop-loss reference: 1.408 USDT
But the biggest risk at this level is that the bears haven't gained momentum yet and could be squeezed out first.
If you were trading this, would you buy and hold a bit longer, or just stay out altogether?