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#XRP
🚀 XRP broke through $3.40 strongly on July 17, and buyers not only successfully stood above this key resistance but also firmly held this level! This is not just a simple rise, but a signal for the bulls to turn $3.40 into a "springboard."
📈 Is the upward channel open? The target may aim for $4.86!
As long as the price breaks through $3.66, XRP will start a new round of upward trend again, and $4 is likely just a relay station, with the real target possibly aimed at $4.86! The overall trend still looks strong, and market sentiment is high.
⚠️ Don't ignore short-term risks, RSI has issued an "overbought" warning.
Although the bulls dominate the market, a potential hidden danger is quietly emerging: the RSI is already in the overbought zone. This means that a pullback or sideways consolidation may be on the horizon in the short term.
The key observation point is: can $3.40 hold? Once it breaks, the price may retrace to around the 20-day moving average (approximately $3). If it breaks below $3 as well, then we need to be cautious that the breakout is a "bull trap"!