$XRP
⚡️XRP recently resembles a 'horse stance'—stuck between a rock and a hard place,
but the more it is in this 'charging' phase, the closer it is to a major movement!
🐂 Bulls want to act, but must first break the resistance above!
On May 4th, XRP fell below the moving average,
but the bears couldn't push it down, the $2 support is as solid as a rock!
Next, the key point to watch is:
📈 As long as it can break and stabilize above the resistance line, it could directly ignite an upward trend:
🎯 First target: $3
This will be a clear 'trend reversal' signal!
🐻 Bears are just one step away from turning around!
But if XRP can't hold the 'iron bottom' at $2, the bulls will have to give way.
The support range below is as follows:
⚠️ $1.72: Short-term support
⚠️ $1.61: Key defense line, if broken, it could be troublesome!
Falling below this area may not just be a fluctuation, but the start of a new round of decline!
✅ A picture is worth a thousand words: Key operational logic!
📈 Breaking the resistance line = Bullish, aiming for $3
📉 Falling below $2 = Bearish, targets $1.72→$1.61
⏳ Current status = In a range fluctuation, waiting for a trend change signal!
When the market moves sideways for too long, it will either rise or fall,
At this time, don't chase highs and cut losses, but focus on key levels before taking action—that's the seasoned player's strategy!