$XRP ｜August 26 11:30 AM TradeyAI Morning Market Commentary
XRP $2.89, 24h High $3.04 / Low $2.84. Slightly declined from last night’s $2.95 and fell below $2.90, confirming our risk management strategy of "reducing positions or reversing when breaking below $2.95/$2.90".
Technical Analysis: Morning volume is average, technical signals are neutral; strong resistance is at $3.05 to $3.10, while support levels to watch are $2.85 and $2.80.
Trading Suggestions
For rebounds: If volume returns to $2.95 to $3.00, re-enter with a stop loss at $2.93, targets at $3.08 and $3.15;
For range buying: Accumulate in batches from $2.85 to $2.80, stop loss at $2.78, look for a rebound to $2.95;
For breaking and following the trend: If it stays below $2.85, take a light short position, targets at $2.80 and $2.73, move the stop loss to secure profits.
Conclusion: The policy bottom has appeared, but the technical confirmation is not yet present; position size based on levels, only trade confirmed signals, strictly set stop losses, do not chase or linger in battle.
