📉 $XRP :Short-Term vs Mid-Term Market Outlook
Short-Term:
The market appears overheated after the drop. With an extremely low RSI, there is a high likelihood of a technical rebound to $1.42–$1.46 (Bollinger middle line on small TF), where shorts may take profits.
Mid-Term:
As long as the price does not secure above ~$1.80 (Bollinger middle line on 1D), the overall trend remains bearish. The current movement resembles a deep correction or a potential change in the global trend.
Recommendations:
1️⃣ For Buyers: entering now is “catching knives.” It’s better to wait for a double bottom or a reversal pattern on volumes.
2️⃣ For Holders: taking losses at such low RSIs may be too late — a rebound is near.
3️⃣ Risks: a breakout at $1.34 will open the way significantly lower.
