$XRP ｜August 29, 20:30 TradeyAI Evening Market Analysis
XRP is at $2.89, with an intraday range of $2.85 to $3.02. Compared to this morning's $2.96, it has slightly retreated but remains within the range of $2.90 to $3.10. The framework of 'don’t chase if there is no volume, determine positions based on levels' continues to be effective.
Technical Analysis: The overall mainstream technical outlook is neutral, with average volume; the upper range of $3.05 to $3.10 remains strong resistance, while the lower range of $2.95 and $2.90 serves as key support. If it cannot return above $2.95 soon, the rebound potential will be limited.
Action Suggestions
1) Buy on Pullback: Gradually buy near $2.90, with a stop loss at $2.86 and take profit at $2.98 and $3.05;
2) Follow Breakout: Add positions if it breaks above $3.05 to $3.10 with increased volume, risk control = entry price - 1.5%, target $3.30 to $3.50;
3) Defensive Reversal: Reduce positions if it falls below $2.90 and $2.85 or lightly position with the trend, rebound to $2.80 to $2.73.
Conclusion: Regulatory negative news is cleared + ecological iteration, but the trend is not yet confirmed; continue to determine positions based on levels, only act on confirmation, strictly set stop losses, do not chase highs or linger in battles.
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