【Watched XRP for half a day, this trend doesn't look like something retail investors would easily walk out of】
I haven't finished my breakfast yet, and this K-line of XRP has already caught my attention.
I originally thought today would be another slow boil, but the early surge and retreat actually had some flavor to it. The position at 1.88 is holding steady, unlike the soft and weak appearance from a few days ago. I've been staring at the RSI for a long time, it's at 38.6, not low and not high, just right in a position where it can breathe. To be honest, I don't think this kind of pullback and consolidation is something retail investors can achieve—it's too orderly, like someone is controlling the pace.
It's false to say I'm not conflicted.
One possibility is a real pullback. If the market sentiment continues to weaken and Bitcoin takes another dive, XRP will likely dip down as well, testing the support at 1.80 or even 1.75. In this case, the volume will probably not increase, just a gradual decline combined with sideways movement, testing your patience. At this time, don't rush to bottom fish; seasoned investors know that the more it looks like an 'opportunity', the easier it is to get trapped.
The main force could have left long ago, actually.
But another possibility that excites me more: wash trading. Look at the recent K-lines, every time it breaks below the short-term moving average, it immediately pulls back; the bears don't dare to push down too deep. Moreover, every time the price drops, the volume decreases, but during rebounds, the volume increases—this isn't a typical main force adjustment method? If we see a strong bullish candle tonight or tomorrow that reclaims 1.90, then this consolidation can be considered complete, and I see 2.0 is not a dream.
I'm not calling out trades, just reflecting after watching the charts for a long time. I used to love chasing surges, but now I prefer watching this kind of 'quiet' trend. The calmer it appears on the surface, the stronger the undercurrents are. Right now, I’m holding my position without making any moves on additional purchases; I haven't decided whether to add to my position yet, just waiting for a signal—either a breakdown to clear out and escape, or a volume breakout to follow along.
Speaking of which, Ripple's lawsuit seems to have turned the page, and its fundamentals are much stronger than many air coins. When the market really takes off, it can't always stay at the bottom. It just depends on whether the main force wants to wash for a couple more days or simply push up decisively. Let’s not guess the direction; let's just act on the signals. Brothers need to judge for themselves, don't follow blindly, after all, everyone's boat size is different, and when the storm comes, being able to withstand it is the most important.
Sometimes it's not really a technical issue; it's a mindset issue.
