$XRP 【XRP｜August 22 09:30 Beijing Time｜TradeyAI Morning Market Professional Commentary】
Dear veterans of the crypto circle, wake up! Yesterday we pointed out that XRP was fluctuating in the range of $2.83 to $2.98, and the current price is around $2.85, still at the bottom of that range, overall judgment is accurate. The short-term rebound yesterday did not form a breakthrough, and today's opening drop verified the technical bearish expectation. XRP today merely performed an old script of 'opening rebound unable to break through and dropping to test support', and the price is currently hovering around $2.85, successfully capturing this trend based on yesterday's analysis. Short-term sentiment has yet to shift; do not mistake yesterday's slight rebound as a recovery signal—bullish momentum is insufficient, selling pressure remains, and it is best to stay alert.
From a policy perspective: the SEC's final actions bring 'clear skies', and Trump's strategic reserve initiative adds support—this is indeed a significant advantage for X, but regular operations have yet to materialize, and market enthusiasm has a psychological expectation component. On the project level, what the market is currently envious of is Remittix, which possesses 'PayFi + real applications'; XRP increasingly appears as 'an old-school ticket with most funds already in'. It lacks hype but has traditional credibility.
Technically, 'the $2.80 to $2.85' range is a watershed that must be defended today. Once breached, a short-term downward signal will clearly emerge, potentially targeting '$2.70 or even lower'. If it holds steady, a rebound can be expected, but do not fantasize about reclaiming $3 immediately; a breakthrough at $2.90 would be the initial stabilization signal.
Operational suggestions:
* Conservatives: You can lightly test the waters in the $2.80 to $2.85 range, with a stop-loss suggested below $2.75. If support is successfully held, short-term gains can be taken at $2.95 to $3.00; if it breaks below, decisively cut losses, and remember to control risks.
* Aggressives: If you see policy expectations and compliance benefits as a dormant gold mine, you can gradually build positions around $2.85, but be sure to set strict stop-losses at $2.80 to $2.75. Target $3.05 to $3.10, and additional positions should only be added after confirming clear buying support to break through key resistance.
Final note—XRP today is not the starting point of a bull market reversal, but rather 'the eve of bottom testing'. Smart traders do not shout bull market, but steadily buy low and sell high in the support zone, waiting for a breakout signal. It is not the strategy that loses money, but the routine. Rational moves are the hallmark of a winner.
