🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
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📅 Ends at 16:00, Sep 17 (UTC)
Based on the current XRP Technical Analysis and market dynamics, the following operational suggestions are provided:
📈 Current price: $2.8167, at a critical technical position
🎯 Short-term trading suggestions:
Buying range: $2.78-$2.81 (near current price)
Stop loss level: $2.76 (break below support)
Target Price: $2.86-$2.88 (previous resistance level)
📊 Technical Analysis:
RSI shows 47.65, close to neutral but slightly weak.
The 1-hour EMA12 is forming resistance above $2.83.
Super Trend Indicator shows bullish signals
The middle band of the Bollinger Bands is around $2.83.
⚡ Key Catalysts:
The probability of XRP spot ETF being approved in 2025 is close to 100% 🚀
Establish an L3 exclusive chain on the Base platform and launch a gaming ecosystem.
Market sentiment has shifted from neutral to greedy.
💡 Operation Strategy:
In the short term, you can try a small long position at the current price, with strict stop-loss. In the medium to long term, I am optimistic about the upward potential brought by ETF expectations and ecological expansion, aiming for a target above the $3.0 area.
⚠️ Risk Warning: Pay close attention to the $2.76 support, and implement timely stop-loss if it breaks.