Recently, some brothers asked me if they can enter the spot market for XRP. Let me briefly explain this. XRP has shown resilience in small-scale movements recently, but when looking at a larger time frame, it has been oscillating in the $2-3.3 range for half a year and has not effectively broken through key resistance. Although those who entered at lower levels last year have taken profits, the cost-effectiveness of entering at this position is not very high.

As for why I don't recommend entering now, there are three main points. First, the psychological barrier at $3 failed to break in January. Additionally, there is significant control by whales, with the top 20 addresses holding over 50%. Ripple Labs still holds 46 billion XRP, and any significant selling pressure could create a large bearish candle. Lastly, the competition in payment sectors like Solana and Stellar is fierce and highly capitalized. Although XRP's daily trading volume exceeds one million transactions, the growth is slowing.

For those who can't resist, they can pay attention to the approval of the XRP ETF or a final settlement with the SEC. Although I am personally optimistic, with high-level consolidation and whales clustered around, it is better to miss the opportunity than to be stubborn. Leave some position for stable assets like BTC/ETH.