$XRP I am optimistic (Bullish)
Smart money is entering now, $1.79 million bought in the last half hour only, whales are preparing to take profits on the drop.
Trading plan (Scalp Long):
Entry area: $1.3900 to $1.4000
Profit taking targets: $1.4500, $1.4800, and $1.5200
Stop loss: $1.3400
Risk management and your own research required (DYOR).
Logical and reliable analysis:
I am watching the screen and see clear accumulation signals at these areas. Data shows that there are 596 whales holding winning short positions worth a huge amount (over $40 million). Typically, at these levels of profit, these whales start buying to close their positions and take profits. The evidence for this is the last 30 minutes of activity, where buyers outpaced sellers by $1.79 million against very weak selling. This means that "smart money" does not want the price to drop further right now and is buying, giving us an excellent opportunity for a buy trade with the wave.
Do you think XRP is ready to return to the $1.50 level soon? Write your prediction in the comments.