$RPL USDT Explodes 59 Percent in 24H – Breakout or Bull Trap
RPLUSDT on Binance just delivered a massive move, printing a 24H high near 2.963 after rallying almost 60 percent. Current price is hovering around 2.73–2.74, showing slight pullback pressure after an aggressive vertical breakout.
Technical Analysis
The chart shows a strong bullish impulse from the 1.70–1.80 accumulation zone. Immediate resistance sits at 2.95–3.00, which aligns with the recent wick high and psychological round number resistance. A clean break and close above 3.00 could open the door toward 3.30+.
On the downside, key support now stands at 2.60 (short-term structure support). Below that, 2.40 and 2.20 are strong demand zones from the breakout base.
Although RSI and MACD are not visible in the screenshot, price behavior suggests RSI is likely in overbought territory after such a vertical rally. The sharp rejection from 2.96 hints at short-term exhaustion, while the strong volume (over 128M USDT) confirms real market participation.
Market Sentiment
Short-term sentiment is bullish but overheated. Momentum favors buyers, yet a healthy pullback would not be surprising.
Strategy
Recommendation: Wait.
Chasing after a 59 percent pump carries high risk. A safer approach is waiting for a pullback toward 2.40–2.60 support and watching for bullish confirmation. Aggressive traders may consider partial profit-taking near 2.95–3.00 resistance.
Are you buying the dip on RPL or waiting for confirmation above 3.00?
Not Financial Advice (NFA).
