📊 XRP – interesting technical situation!
Have you noticed today's drop to around $3.05? That's where the reaction occurred and a bounce back to $3.15 with solid volume. Right now, the market is testing important levels.
A fair value gap (FVG) has appeared on the chart – if the price stays above this zone and we see demand, it could be a good signal for further increases, e.g., towards $3.18–3.2.
⚠️ But be careful – RSI has jumped out of overbought territory on the 1h timeframe, so if this is just a "false move," there is a risk that we could return back to the $3.05 area. Then... maybe a short? 😅
🔁 We need to monitor the situation – the next retest of the FVG and behavior at resistance will be crucial.
What do you think about this? Are you trading this or waiting on the sidelines?
