$XRP
Headline: The Phoenix Takes a Hit.
Market Overview:
Ouch. XRP is getting slapped, down 3.43%. The market cap bled hard (Rs639B), but volume is spiking. This is panic selling, which usually precedes a relief rally.
Pro Trader Tip:
Look for a "volume climax" candle. When you see a massive red candle with huge volume but the price doesn't go much lower, that’s the selling exhaustion point. Buy there.
Key Levels:
· Support: Rs380 (Critical)
· Resistance: Rs420
Insights:
· Short Term: Oversold. A bounce is likely.
· Long Term: Legal clarity still looms as a massive catalyst.
Trade Targets (Relief Bounce):
1. Rs410
2. Rs425
3. Rs445
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