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XRP recently shows some interesting signals on the 30-minute chart. The price just broke above the middle band of the Bollinger Bands at 1.9880, which initially looks promising, but the details are worth scrutinizing.
Talking about bullish opportunities: entering with a small position is an option, but caution is necessary. The KDJ has entered the overbought zone, and trading volume is shrinking at the same time, which is a clear warning sign. More concerning is that the OBV indicator is trending negative, forming multiple divergences with the price increase—this makes chasing higher quite risky.
If you really want to go long, take profit at 2.0544 (Bollinger Band upper band) or directly target 2.0600; both levels can be considered for partial exits. The stop-loss is set at 1.9800, providing a relatively safe defense. If the structure fails and the middle band at 1.9880 cannot hold, then you need to decisively accept the loss and reconsider your approach.
In summary, this market wave presents both opportunities and risks. Don't be greedy; executing according to the plan is the key.