When everyone is focused on the 3 USD threshold, the real opportunities often lie in the details of the main force's layout—today's XRP at 2.87 USD, is it a buildup for a breakout or a trap for bulls? The answer will soon be revealed!
Technical Analysis:
Price Dynamics: The current XRP price is oscillating around 2.87 USD, with a 24-hour decline of 4.94%, and trading volume exceeding 6.7 billion USD.
Resistance Level 3.02: The Last Line of Defense for Bears
3.02 USD has become a short-term dividing line for bulls and bears. If this price level is broken, bulls may launch a "blitzkrieg", targeting 3.30-3.65 USD; if it fails to break after prolonged attempts, beware of a bearish counterattack.
Technical Signal: The 4-hour MACD histogram continues to be positive, but RSI is neutral, indicating that while bulls have the advantage, momentum has not fully released, caution is needed for "false breakout" traps.
Key Level 2.90: The Lifeline for Bulls
2.90 USD is today's "Lifeline" for XRP. If it can hold this price level, bulls can build a defense in the 2.82-2.90 range; if it breaks, it may trigger a "long liquidation" chain reaction, targeting 2.72 USD.
Support Level 2.82: The Last Line of Defense for Bears
2.82 USD is XRP's "psychological barrier"; if it breaks this level, it may trigger programmed sell orders, leading to a chain decline. However, if it can stabilize at this level, it may attract "bottom-fishing funds" to enter.
Long's Opinion:
This position is neither up nor down, resembling love—entangled but full of opportunities!
If it breaks through 3.02 with volume, decisively go long, with a stop-loss at 2.98, targeting 3.10.
If it breaks below 2.90, a rebound will only signal a bearish trend; decisively reduce positions and wait for a test of the 2.82 support.
During the sideways phase, don't get itchy hands; short-term profit-taking needs to be done with stop-losses to avoid being caught in a spike!
Operational Strategy:
Conservative investors: It is recommended to stay on the sidelines in the 2.82-3.02 range, waiting for a directional breakout before acting accordingly. If it breaks down below 2.80 with volume, go short, targeting 2.72; if it strongly breaks through 3.05, go long, targeting 3.15.
Aggressive investors: You can try a small long position between 2.83-2.85, with a strict stop-loss at 2.79, targeting the 2.95-3.00 range. Remember to use a staggered profit-taking strategy to avoid being shaken out.
XRP's recent movement is like Ripple's cross-border payments—either it quickly breaks through the resistance or gets pressed down by bears! Want to get the breakthrough signal for XRP in real-time? Follow Long for daily insights into the 'key level codes' in the crypto space, along with exclusive indicator alerts, so you can 'feast' even in a volatile market!
