XRP Market Analysis: Storm is coming, operate with caution!
Current market dynamics:
1 XRP hits a key bearish range:
◦ The recent price has entered the third top area, which may indicate that adjustments are coming.
2 FTX potential impact:
◦ It plans to release $16 billion in crypto assets in January. This selling pressure may have a significant impact on the market, especially for currencies with large circulation such as XRP.
3 Market manipulation risk:
◦ The low-price repurchase after the creditors sell off may cause drastic market fluctuations, which is a typical market wash behavior.
Short-term strategy recommendations:
1 Key price:
◦ Sell target range: 3.5 - 3.7 (refer to market dynamics).
◦ If the price approaches this range, it is recommended to gradually reduce positions to lock in profits.
2 Beware of market traps:
◦ There may be false rebounds, so don't rush to chase highs. Wait for clear signals before making decisions.
3 Waiting for bottom-fishing:
◦ If there is a sharp price correction (affected by FTX selling), you can buy at a low level and pay attention to the rebound potential.
Risk Warning:
• High Volatility: Market volatility caused by FTX selling may increase, please be sure to set a stop loss.
• Emotional Operations: Avoid impulsive decisions caused by market fluctuations. #ftt #Xrp🔥🔥
