XRP Key Direction Decision! Market Analysis + Operation Guide
Currently, XRP is stuck in the core range of 1.80-1.90, with a short-term direction about to erupt, as the battle between bulls and bears intensifies.
The core support is at 1.80, which is the recent 'psychological floor.' Institutional funds have clearly defended and accumulated here, making it the current lifeline; if broken, the next support is 1.77. The resistance level is set at 1.90, which is the dividing line for bull and bear strength. It must show volume and close above the daily line to confirm a trend reversal; after breaking through, it could target the 2.05-2.10 range.
The bullish signals are also very clear: institutions are actively accumulating around 1.80; a joint venture transaction of $300 million in South Korea indirectly locks in $900 million worth of XRP-related assets, forming strong fundamental support; XRP's correlation with Bitcoin and Ethereum has decreased recently, leading to an independent market.
The bullish scenario requires stabilization at 1.80 + volume breakout above the daily close at 1.90, with the potential to hit 2.00-2.10; if it falls below 1.80, the adjustment will deepen, targeting 1.77 or even lower.
Today's operation guide: Lightly buy near 1.8900-1.9100, with the first target at 1.9310 and the second target at 1.9620. Strictly control positions and do not blindly chase prices. $BTC
