Must-see for Retail Investors: Watch out for the pullback risk if the XRP 3.3810 resistance level is not broken!
XRP Today's Trend Change Warning: The 3.3810 resistance level becomes a key watershed
The current XRP market has entered a critical observation period. The 1-hour candlestick chart shows that the price is oscillating narrowly between the strong resistance level of 3.3810 and the support level of 2.8175, with the MACD indicator continuously converging and trading volume shrinking to a low level, resulting in a stalemate between bulls and bears.
Two major technical characteristics are present:
Effectiveness of Resistance Level
Using technical analysis to draw lines at key positions, 3.3810 serves as the core resistance level in the recent period. If it can break through with volume, it will open up upward space; however, if it continues to test unsuccessfully, one must be wary of the risk of retracing to the support level.
Signal of Shrinking Volume
The sustained low trading volume reflects cautious market sentiment, and large funds have yet to clarify their direction. Retail investors face high risks of blindly chasing highs and cutting losses at this time.
Although the news front appears calm, there are undercurrents: potential variables such as the Ripple lawsuit progress and institutional position adjustments are brewing. According to reliable sources, some whales have quietly positioned themselves at lower levels.
Personal Judgment: The current market is in a "calm before the storm," and the 3.3810 resistance level is a key point for the short-term battle between bulls and bears. If it breaks through effectively, it may trigger follow-up buying to push the price higher; if it struggles to break through, beware of pullback risks. Remember: the market always moves faster than the news, and the candlestick chart has already given signals in advance. Retail investors must remain vigilant and wait for a clear direction before making decisions.
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