📊 Technical Analysis: XRP/USDT – Moment of Decision

The XRP/USDT pair presents a scenario of strong volatility in the last hours, with a retracement of -11.08% at the time of the screenshot. Below, I highlight the crucial points to define the strategy for entry, holding, or exit:

🔍 Chart Observations:

Current Price: 1.4208 USDT.

Short-Term Trend: Clearly bearish. The price crossed below the MA60 (1.4327), indicating that immediate support has been lost and selling pressure is dominant.

Volume: There were spikes in volume during the drop, suggesting profit-taking or short-term panic.

Temporal Performance: The asset has accumulated significant declines in almost all timeframes (7d: -24%, 30d: -40%), approaching historically oversold zones.

📉 Suggested Strategies:

For those on the sidelines (Entry): The moment is one of caution. Entering now is "trying to catch a falling knife." Ideally, wait for a bullish pivot on the 15min or 1h chart or a more solid support test before opening a position.

For those already positioned (Hold or Exit): * If your average price is much higher, holding (HODL) may require stomach, as the psychological support of 1.40 is being tested.

If it loses 1.40 with volume, it may seek lower levels. Consider an adjusted Stop Loss if it is not a long-term strategy.

Sentiment: The market is "bleeding." The bias is to wait (Wait & See) until the price lateralizes and selling volume decreases.

Warning: This is an analysis based on technical indicators and does not constitute financial advice. Manage your own risk!

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