#XRP突破新高？

1.16

Does breaking through the 100,000 mark really have any significance?

Jingjing believes there is some but not much. The implication here is that this threshold has not formed a strong and effective support and resistance point! The price movement, while not as simple as just drinking water, is relatively easy. With the market having broken through 100,000 three times and each time retracing below 100,000 with the highest point being lower each time, from a price movement perspective, no one knows if this time it will really break through. What is certain is that if it does, it won't be as simple as 100,000; it could be 120,000!

Jingjing boldly analyzes that reaching 120,000 will not happen soon, probably after March.

Looking back at yesterday's analysis, it was pointed out that once it breaks 98,300, the target is up to 100,000, which was quite accurate. This can continue to be used as a reference. The high position shorting Silk Road is also based on the norm that there will always be a retracement after hitting a high! Today, there needs to be a slight change. The structural pattern of the V-shape is basically complete, and in the short term, the technical indicators still show a certain amount of upward space.

In summary, at the high position of 100,000, control your positions well and short in segments; if it doesn't break 99,000, go long in the short term!