【After watching the market for so many years, XRP rarely gives me this feeling】
Whether to chase at this position is actually quite a test of character.
Those who are still scrolling through the market in the early morning are basically not here just for the excitement.
At this moment, flipping through the candlestick chart, my fingers unconsciously move along, as if counting heartbeats. XRP is currently 1.92, which doesn't seem high or low, but there's an indescribable tension—like a taut string, you don't know which way it will be plucked, but you can feel it is about to snap.
To be honest, I was a bit anxious during this recent pullback consolidation. A while back when it shot up to 2 bucks, the guys in the group were all shouting, "Ripple has won big," but once the excitement passed, the price gradually ground down. But this time is different; the volume hasn’t increased much, but the downtrend has clearly softened. You see, the RSI is now 42.4, neither oversold nor strong, just stuck at this indecisive point, as if waiting for someone to make a decision.
One possibility is to continue sideways for a few days, then probe down to around 1.85 for support, washing out those who chased the highs. After all, the news from the SEC is still hanging in the balance, and every little change can trigger a few red candles. If it really follows this path, it's not necessarily a bad thing; at least it can clean up the chips more thoroughly, making it easier to lift later.
But the other possibility, I am genuinely looking forward to—stabilizing quietly like this, and then one morning you wake up to find it has already stood back at 2.05. Not that crazy surge, but steady progress, like the rhythm before the breakthrough last November. The current consolidation might just be building up some emotions, waiting for the market's attention to shift back.
To be honest, I've been watching this position for a while.
I'm not calling for a long or a short; seasoned traders know that the closer you get to such a critical point, the more you need to keep your hands steady. But I have to say, the feeling XRP gives me recently doesn’t resemble a pure harvesting move. It has temperament and patience, just like Ripple, the company that has been fighting lawsuits without ever conceding defeat, persisting to the end.
Whether to chase at this position is actually quite a test of character.
So don't rush, eat when you need to, sleep when you need to; watching the market isn't as good as watching your heart. As long as your base position is still there, and the rhythm is right, just leave the rest to time. After all, we have endured more than just this night.
