XRP Pullback Near ATH — Monitor for Confirmation
I'm cautious on XRP after a 5.9% intraday drop to $3.09, which leaves the coin about 15% below its all-time high. Market capitalization and FDV remain large, so moves can be sharp and liquidity should be ample but volatile.
I see the recent low at $3.04 and the intraday high at $3.34 as near-term reference points; a sustained move above the high would suggest renewed momentum, while a break below the low would increase downside risk. I will monitor price action for consolidation or a clear breakout before adding exposure.
Analysis
Recommendation
Watch price action: wait for consolidation above $3.34 for a momentum-based entry or a clear hold above $3.04; avoid committing size into intra-day weakness without confirmation.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.