$XRP Some are cutting losses, some are taking over. How do you choose?
1. Overall Trend Judgment (Core)
Current Situation: Bulls are trying to build a defense at the $2.00 integer level. The MACD indicator has diverged downwards after a high position dead cross, with red momentum bars continuing, indicating that the current adjustment is not over yet, and the bears still hold a short-term advantage.
XRP's medium-term trend remains bullish (after all, it is still above $2.00), but it is currently in a painful period of “bubble squeezing.” The gains and losses at the $2.00 level will determine whether the “in-air refueling” continues to surge or if there is a deep correction to make up for the increase.
2. Key Levels
Resistance Level (Selling Pressure Zone):
Short Resistance: $2.50. The rebound high point during the recent decline and the oscillation center. Rebounding here not only involves funds trapped in bottom fishing but also the second escape of profit-taking.
Strong Resistance: $3.00 - $3.50. The absolute peak of this round of market. There is a historical level of massive trapped positions, which is a “Mount Everest” difficult to surpass in the short term.
Support Level (Defense Zone):
Lifeline: $2.00. The current position beneath our feet is also an extremely important psychological level. Bulls must hold this line; otherwise, panic will escalate exponentially.
Strong Support: $1.50 - $1.60. The acceleration point for the main upward wave. If $2.00 is lost, the price is likely to retrace here to seek structural support.
3. Trading Volume Signal
Signal: High volume followed by a decrease in volume during the correction.
During the rise, there was a massive influx of funds; although the current downward volume cannot match the upward phase, it remains active. This indicates significant market divergence, with some cutting losses and some taking over, as chips are undergoing intense exchanges.
4. Operational Strategy
For Holders: Keep a close watch on $2.00!
As long as the closing price is above $2.00, one can continue to hold for a rebound.
Once it effectively breaks below $2.00 (daily close below), it is advisable to reduce positions or stop losses to prevent a pullback to $1.50.
For Non-Holders: High-risk speculation.
Left Side: Try a light position near the current price of $2.02, with a stop loss set at $1.90. The bet is on the effectiveness of the support at the $2.00 level.
Right Side: Wait for the price to regain above $2.50 before entering, confirming the end of the adjustment.
5. Summary
XRP is experiencing a “fever reduction,” and $2.00 is an important defense line for the bulls. Holding it means a second wave; failing to hold it means a deep abyss!