XRP has recently shown an upward trend with fluctuations, reaching a maximum of 3.0149 and a minimum of 2.7603 within 24 hours. The current price is 2.9885, with an increase of 7.55%, indicating a temporary dominance of bullish forces.
In the moving average system, the short-term MA (7) has crossed above MA (25), forming a golden cross, and the price continues to operate above the moving averages, supporting an upward structure; however, one should be cautious of high-level fluctuation risks, as there have been previous instances of price spikes followed by pullbacks.
It is advisable to wait for a pullback to confirm support: if it falls to the range of 2.92 - 2.95, and the K-line shows a lower shadow with increased volume stabilizing, one can enter a light long position, aiming for a target of 3.03 - 3.06, with a stop loss set at 2.88 (if it falls below this, the trend will weaken).
For chasing highs, when the price breaks through 3.02 and holds above, one can try a small position long, but strict stop loss (3.00) is necessary; if the price encounters resistance and falls back in the range of 3.05 - 3.07, showing a long upper shadow, one can consider a light short position, aiming for a target of 2.93 - 2.90, with a stop loss at 3.09.
The risks in the cryptocurrency market are extremely high, and it is recommended to dynamically adjust strategies based on real-time trading volume and indicator divergences, controlling positions to avoid overexposure!
(Note: The above analysis is based solely on technical aspects and does not constitute investment advice. The cryptocurrency market carries risks, and decisions should be made cautiously.) $XRP