Family, Brother Long is here to discuss the evening trend of XRP! Combining today's market dynamics and technical analysis, I'll outline the operational thoughts for everyone.
First, let's look at the overall market situation; the drag effect is quite obvious. Bitcoin is currently priced at 116,246, down 1.16% in the last 24 hours. If it cannot hold above 115,000, it may drop to 112,000–108,000, and at that point, altcoins will inevitably follow suit, with XRP definitely being affected. Ethereum is even less optimistic, having fallen below 4,300, down 3.66% in the last 24 hours. If it loses 4,200, it will have to test the 4,000 support level, which will significantly suppress XRP's sentiment.
In terms of capital flow, risk aversion is rising, with a total liquidation of 332 million USD across the network in the last 24 hours. A lot of funds are being withdrawn from altcoins and flowing back into Bitcoin or stablecoins, which is not favorable for XRP's short-term trend.
From a technical perspective, we need to keep a close eye on support and resistance levels. The short-term support at 2.50 is a critical defense line; if it falls below this, it may trigger selling, with targets down to 2.20–2.00. The upper resistance at 3.00 is the dividing line between bulls and bears; if it breaks through, there is hope to reach the symmetrical triangle target of 3.65.
Additionally, the RSI indicator previously reached 88, which is severely overbought; the recent pullback is a normal technical correction. Now that the RSI has returned to a neutral range, it leaves room for a subsequent rebound, which is a positive signal.
Brother Long's operating strategy tonight: go long around 3.0050-2.9750, targeting 3.0520-3.1360. Remember, always set a stop-loss, don't hold positions, and follow the rhythm steadily; you can't go wrong! #XRP