$XRP 1.9 This position is very critical, and the self-perceived cost performance is acceptable Set loss
1. Overall trend judgment (core)
After the price peaked, it quickly halved and fell. The current price has dropped to $1.9920, barely hanging on the edge of $2.00. The daily line shows continuous downward adjustments, the MACD indicator has a dead cross at a high level and is opening downwards, and the red momentum bars continue to expand, indicating that the current bearish momentum is still dominant and the adjustment has not ended.
Conclusion: The short-term trend of XRP is weakening. Although the long-term focus has shifted significantly upward, it is currently in the painful period of "squeezing the bubble." The $2.00 level is precarious, and if it is effectively lost, panic selling may trigger a deeper pullback.
2. Key points
Resistance level (selling pressure zone):
Short resistance: $2.50. The rebound high point during the recent decline. Rebounding here not only involves funds that are trapped by bottom fishing but also the second escape of profit-taking.
Strong resistance: $3.00 - $3.50. The absolute top of this round of market. It has accumulated an unprecedented amount of trapped positions over the years, making it a "Mount Everest" that is difficult to surpass in the short term.
Support level (defensive zone):
Lifeline: $1.90 - $2.00. The current position underfoot, which is also an extremely important psychological barrier. If the daily line closes below $1.90, it means that the $2.00 defense has failed.
Strong support: $1.50. Acceleration starting platform. If $2.00 is lost, the price is likely to pull back here to seek structural support.
3. Trading volume signals
Signal: After a massive volume, there is a contraction in the downward adjustment.
During the rise, there was a huge influx of funds (money pouring in like crazy), and although the current drop in volume is not as high as during the rise, it is still active. This indicates that there is a huge market divergence, with some people cutting losses and others picking up the pieces, leading to a significant exchange of chips.
4. Operating strategy
Holders: Be highly vigilant!
The current position of $1.99 is very dangerous.
If the daily line cannot quickly recover above $2.00, it is recommended to reduce positions to avoid risks of a pullback to $1.50.
Non-holders: Do not blindly bottom fish.
Left side: Unless a stop-loss signal appears near $1.50, the current position at $2.00 carries a significant risk of getting cut (because the MACD is still diverging downwards).
Right side: Wait for the price to re-establish above $2.50 before entering the market, confirming the end of the adjustment.
5. Summary
XRP is experiencing a "fever reduction," with $1.90 being the last defense line for the bulls. Holding it means wide fluctuations, failing to hold it will lead straight to $1.50!
