Midnight XRP Market Analysis and Trading Suggestions on August 26

Recently, the XRP candlestick chart has shown a characteristic of 'gradually lowering highs', clearly reflecting that the price is in a weak pullback phase; coupled with the fact that since August 23, the price has repeatedly tested high levels without achieving effective breakthroughs, current market bearish pressure is relatively prominent. However, considering the short-term pullback range and support strength, the short-term trading suggestion is to mainly focus on setting up long positions at key support levels, aiming for potential rebound opportunities.

Specific Trading Suggestions

• Long Position Setup Range: XRP can set up long positions in the range of 2.85-2.9

• Target Range: The upward target is aimed at the area of 3.02-3.07

• Core Logic: Use the 2.85-2.9 range as a short-term key support level, combined with the previous high-level breakout failure forming a consolidation pattern. Enter after the pullback is in place to capture a corrective rebound in a weak environment, while also being cautious to adjust the strategy promptly if the support level is broken. #币安Alpha上新 $BTC