#数字资产生态回暖 $XRP Observation Notes: Signal of Overheating in Technology
The recent movements of XRP are quite interesting. RSI has soared to 72, entering the obvious overbought zone—according to technical patterns, such a state is unlikely to see further gains.
Looking at on-chain data, it seems that the actions of large funds are changing. The liquidation pressure on longs is much higher than on shorts, indicating that market absorption might not be very strong. If you ask me whether there's a reason to short, this signal is indeed quite clear.
If I were to trade, the approach might be as follows:
📍 Consider shorting in the $2.0450-2.0550 range.
📍 If it breaks below $2.0220, add to the position.
📍 Once it breaks above $2.0650, stop loss and exit.
📍 The target is around $1.9740, and further down at $1.9200.
Of course, the market can always surprise us. High RSI levels, sudden shifts in capital flow... these can break expectations. The key is to follow the data and not be driven by emotions.
Stay cautious in a greedy market, and look for contrarian opportunities in overheated行情—this is the key to lasting success.
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PaperHandSister
· 12-14 20:55
XRP is quite strong this time, with RSI reaching 72... Looks like it's really time to cool down. The bullish liquidation pressure is so high that it doesn't look good to continue later on.
I think trying short positions around 2.045 might have a chance, but you need to set good stop-losses since this coin is prone to reversals.
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FunGibleTom
· 12-14 13:21
RSI 72 is indeed a bit risky, but every time I see this kind of signal, I get burned... better to stay on the sidelines.
The long squeeze pressure is so high, no wonder some people are starting to bet against it.
Trying to short at this level of $2.0450? I think I should wait a bit longer, afraid of missing out.
There are always surprises in the market, honestly, data can be deceptive.
XRP's recent overheating is indeed obvious, with RSI at 72 already unreasonable, but I feel like the long squeeze pressure you mentioned might actually lead to a reverse dump again.
Bear trap defenses are endless; it's better to stay on the sidelines.
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SellTheBounce
· 12-12 03:39
Here we go again? RSI 72 is already calling overbought. I think there's always a lower point waiting for the bagholders. Sell on the rebound—that's the trading philosophy.
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GasFeeCrier
· 12-12 03:24
RSI 72 is indeed overheated, but at such times it’s often easiest to get smashed in the opposite direction, so be careful.
The long liquidation pressure is so strong, it really seems like the reason to short is right here.
Follow the data, not the emotions. It sounds simple, but it's really hard to do.
If this wave really breaks through 2.022, I might try a short position.
But the market is always unpredictable; never bet everything on being right all the time. Risk management is the key.
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0xLuckbox
· 12-12 03:22
XRP this wave is quite fierce, RSI soaring to 72, I knew something was going to happen, the bears' opportunity is indeed right in front of us.
Why does it feel like the bulls are under a lot of pressure this time? These signals suggest an adjustment might be coming.
#数字资产生态回暖 $XRP Observation Notes: Signal of Overheating in Technology
The recent movements of XRP are quite interesting. RSI has soared to 72, entering the obvious overbought zone—according to technical patterns, such a state is unlikely to see further gains.
Looking at on-chain data, it seems that the actions of large funds are changing. The liquidation pressure on longs is much higher than on shorts, indicating that market absorption might not be very strong. If you ask me whether there's a reason to short, this signal is indeed quite clear.
If I were to trade, the approach might be as follows:
📍 Consider shorting in the $2.0450-2.0550 range.
📍 If it breaks below $2.0220, add to the position.
📍 Once it breaks above $2.0650, stop loss and exit.
📍 The target is around $1.9740, and further down at $1.9200.
Of course, the market can always surprise us. High RSI levels, sudden shifts in capital flow... these can break expectations. The key is to follow the data and not be driven by emotions.
Stay cautious in a greedy market, and look for contrarian opportunities in overheated行情—this is the key to lasting success.