$XRP
Price Tug-of-War: 2.07 and 2.12 Become the Key to Bull-Bear Battle
XRP just gathered momentum at $2.15, preparing to surge, but suddenly hit the brakes and corrected, showing a clear lack of short-term upward strength. Currently, the price is stable around $2.08, not breaking the psychological level of $2.05, and firmly standing above the 100-hour moving average—this 'dynamic defense line' has not been breached, indicating that the trend has not broken down.
On the hourly chart, an ascending trend line is supporting XRP, with $2.07 serving as the bulls' 'safety cushion.' The previous wave of correction did not break through this line, indicating that buyers still hold some initiative. However, it's important to note that the high-level correction has also exposed selling pressure, making it not so easy to push higher.
$2.12 has become the current 'line of victory': if it can break through steadily, the bulls will likely regain control, and a new round of rising momentum may begin;
But before the breakthrough, there will be no shortage of back-and-forth fluctuations. If $2.07 cannot hold, the price may slide toward $2.05.
Keep a close eye on these two key levels, follow the changes in bull-bear forces to catch the rhythm, and seize trading opportunities.