$XRP Key Moments That Retail Investors Must Watch!
This market trend is really interesting! Let me talk about a few hot signals that veteran traders understand: XRP has been like a truck going uphill that suddenly brakes, repeatedly hitting $2.65 and just won't break through. Now, the key position at $2.47 has also been broken (to put it metaphorically, it’s like a bridge pier cracking).
According to the technical script, a dip to $2.3 in the short term is considered mild; if things go wrong, we might see a one-digit number.
Especially keep an eye on the ascending wedge on the daily chart; when it broke the lower trend line last night, I felt a chill. Do you remember that wave in 2020? Back then, the wedge breakdown directly caused a meltdown.
Now the $2.0-$2.04 range is the critical line of life and death. If this position truly cannot hold, I estimate that at least $50 million worth of long positions will explode in a chain reaction, and $1.94 simply cannot hold.
What’s most alarming is the on-chain data; the NUPL indicator has been stuck in the "denial" phase these past few days. Old investors know that before the two major waterfalls in 2018 and 2021, this red alert was present. But to be honest, don’t be scared off by short-term indicators; this thing is like a mystical weather forecast—looking at the long-term weekly chart, there is a giant descending wedge. As long as we can stabilize at $2.8 this week, XRP might rise to $3.69 before June.
Personal suggestion: Don’t rush to buy at the current price, wait for two signals—either stabilize above $2.1 before entering on the right side, or wait for a breakout at $2.8 to chase the trend.
Brothers who are stuck, remember, if $1.9 is broken, even the gods won't be able to save you.
Remember, falling in a bull market is not embarrassing; the key is not to get thrown off the train! But as long as the long-term big structure isn't broken, this adjustment might just be the last washout before the start of the rally.
Next, I will continuously publish key insights; instead of fumbling around yourself and missing the best entry and exit points leading to losses, it’s better to follow me. Leave a comment with 666 below so I can see you’re directly following along.
