$XRP Short-term Market Analysis
Current XRP is 2.7, 24H increase +20.57%, highest test 2.7874, strong buying support, price stabilizing near the daily high.
Key Level Analysis
· Support: 2.65 (bullish defense line, breaking this level may trigger stop-loss selling pressure).
· Resistance: 2.78-2.79 (once broken, it is expected to open up upward space to 3.00 USD).
If it stabilizes above 2.65 USD, combined with incremental capital entering the market, the probability of attacking 2.78 increases. Breaking 2.79 confirms strength, with a target of 3.00 USD (+11% potential space).
Stop-loss reference: 2.50 USD (breaking this level indicates a weakening trend).
If the 2.78 resistance continues to be under pressure, a short-term pullback may test the 2.65 support. If breaking 2.65, the bearish target looks at 2.62-2.56 (day traders can short accordingly) in the 2.70-2.78 range, targeting 2.62-2.49, with strict stop-loss at 2.93.
Market volume and price are both rising, momentum for breakthrough is building, there is significant selling pressure near 2.78, caution against false breakouts enticing buyers.
Conclusion:
Short-term bullish, but need to closely monitor the effectiveness of the 2.78 breakout. If it stabilizes with volume, chase the upward trend; if it weakens with low volume, lock in profits in time.
Key Battle Zone: 2.65-2.79
