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$XRP Currently around 1.3418 USDT.
Do you think we should keep grinding higher here, or is it about time for a pullback?
$XRP If I were to give a conclusion first, I would lean more towards: it looks like a high-level divergence, not suitable for continuing to chase long positions.
Here's my main perspective:
First, the price is already close to the resistance zone, and the upside potential and risk-reward ratio are average.
Second, the continuation after a rally is generally weak, and chasing long positions risks entering an awkward position.
To add one more point, if the 5-minute chart reclaims the key level, the 15-minute chart reclaims the previous high, or if a breakout forms a higher low, that would be considered invalid.
Suggested entry price: 1.348 USDT
Target level first: 1.268 USDT
Stop-loss reference: 1.380 USDT
But the biggest risk at this level is that the resistance could be broken through with high volume directly.
If you were trading here, would you prefer to buy and hold a bit longer, or just stay out altogether?