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Recently, the price movement of XRP has shown positive signals. From the 4-hour chart, XRP has broken through the middle band of the Bollinger Bands and maintained strong upward momentum. The Momentum Index MACD also shows bullish signals, with the red bars continuing to expand.
For traders looking to participate, the $3.00 to $3.02 range may provide a potential buying opportunity. However, to be cautious, it is recommended to set a stop loss near $2.94. If the price can maintain strength, the next target price may be at $3.13. If this level can be broken, XRP is expected to further pump to the $3.20 to $3.28 range.
It is worth noting that market conditions are changing rapidly. If the price breaks below the $2.94 support level, the short-term trend may turn bearish. In this case, investors may need to reassess their trading strategies and consider temporarily watching the market movement.
Overall, XRP currently shows a positive technical perspective, but investors still need to operate cautiously, closely monitor market changes, and manage risks appropriately.