Family, today Brother Yang will give everyone a deep analysis of XRP's market this afternoon!
From the key levels, around $3.00 is a crucial resistance level, like a checkpoint. If XRP can break through strongly, it is very likely to initiate a new upward trend, soaring all the way! The range of 2.70 - 2.80 is a key support level; if it falls below, it could be like a dam breaking, potentially triggering a wave of selling, so everyone should keep a close eye on it.
In terms of technical patterns, XRP is currently at the end of a descending wedge, which is a very important signal, usually indicating that a rebound is coming, like the calm before the storm; there may be significant movements ahead.
Whale activity and trading volume are also important observation indicators. Recently, the 24-hour trading volume has stabilized above $5.6 billion, showing high liquidity, but we need to continue to monitor whether there will be a breakout in volume this afternoon. If there is a contraction in trading volume, it may continue until the European market opens, but if there is a sudden increase in volume, the direction will basically be confirmed, like giving the market a shot of adrenaline.
Brother Yang has provided the trading direction, going long near 3.1400 - 3.1100, with the initial target at 3.1750, and then further looking towards around 3.2000. However, the market is very volatile, so everyone should be cautious when trading! #Xrp🔥🔥