$XRP has risen! How many pessimistic people have been caught by this big bullish candle?
Previously, I asserted that once XRP welcomes good news, it will surely surge strongly, firmly standing above 3.0. As expected, now that the lawsuit is over, once the good news was released, XRP shot up like a rocket, leaving a brilliant bullish candle in its wake, soaring all the way up.
This trend validates my previous judgment. From the current situation, with the good news landing, market confidence has greatly increased, and a large amount of capital is pouring in, driving the price to rise strongly.
Currently, XRP's latest resistance level is around 3.45, which is a key point that has been tested multiple times before, creating strong pressure. The support below can be focused on the integer level of 3.25, which has just shifted from resistance to support. If it can hold effectively, it will provide strong backing for subsequent rises.
Given the significant good news from this lawsuit and the continuous inflow of funds, XRP is expected to continue its upward trend in the short term.
If it can break through the 3.45 resistance level with volume, it may further challenge the high around 3.66. However, the market is always volatile; if a large sell-off occurs afterwards, causing the price to fall below the 3.25 support level, it may trigger a certain pullback.
It is expected that in the short term, there is a high possibility of fluctuating around 3.3 before choosing a direction. If there are other good news to support it afterwards, the probability of breaking upwards will greatly increase.
The current short-term strategy is that if the price pulls back to around 3.25 and shows signs of stabilization, it can be slightly accumulated. Keep a close eye on an effective breakthrough of 3.45 to chase the rise lightly while closely monitoring news and changes in capital flow.
Those who know me are aware that my predictions at key points are never vague. This wave of rise has long been anticipated. I have more detailed analysis and response plans for the upcoming support, resistance, and rise and fall rhythm. If you want to keep up with the rhythm and seize opportunities, come directly to me, and I'll help you see the direction clearly, not missing every critical market movement!