Family, are you also watching the trend of XRP today, feeling anxious and unsure about how to operate? Don't panic, I am Zhou Yi. Today's article will help you see through the secrets of XRP's trend today at a glance, allowing you to firmly grasp the buying and selling points!
News:
Last night, Galaxy Digital's CEO Mike Novogratz spoke up, saying, "The true power of XRP is not on Wall Street, but in the hands of us ordinary people who hold the coins!" This statement is very real. What does it mean? It means there is a loyal "XRP army" behind XRP, and the community's belief is more important than any institutional funds!
This also means that even if the overall market fluctuates, XRP may not easily collapse, because we players are holding it up! However, he also reminded that if the US stock market crashes, all currencies may be affected, so we need to be 'both optimistic and cautious.'
Technical analysis:
From the 1-hour chart, XRP is currently still in an upward trend. The MACD yellow and white lines have crossed, and are slowly climbing above the 0 axis, which is a good signal indicating that momentum is still accumulating. However! There are two 'hard bones' above: 1.9036 and 1.9530, especially 1.9530, that is today's 'retracement pressure level', and it is easy to be knocked down when reaching here.
My opinion is:
Today, there is a high probability of first rushing to 1.9036. If it cannot break through, it may fall back for consolidation. If it really breaks through, then be alert near 1.9530, as that could be a short-term high point. The key support below is in the range of 1.8579-1.8236; if it falls here, you can try to grab a rebound. If it really falls hard, 1.7721 is the 'ultimate defense line' for this wave of correction.
Zhou Yi suggests:
If your position is heavy: near the two resistance levels of 1.9036-1.9530, you might consider reducing your position to lock in profits.
If you are out of positions and want to enter: Don't chase the high! Wait for a pullback to the range of 1.8579-1.8236 to gradually buy in, take a wave of rebound and run.
Remember to set stop-loss: If it falls below 1.8236 and continues down, don't hold on stubbornly, run if you need to.
I know you want to ask the most: 'Zhou Yi, when to buy? When to sell?' Don't rush, I will post real-time point reminders and buy-sell signals in the village every day. Pay attention to me today, and if the market changes dramatically tonight, I will remind you in the village at the first moment!
The cryptocurrency market is not short of opportunities; what it lacks are people like you and me who are willing to analyze calmly and execute strictly. I am Zhou Yi, not bragging, not drawing pie in the sky, just using my own experience and sincerity to accompany you through the bull and bear markets. #Xrp🔥🔥 $XRP
