Did the bulls really lose with XRP falling below $2?
As of the time of writing, Ripple (\u003ct-34/\u003e) is priced at approximately $1.89. After Bitcoin fell below $90,000, XRP also lost the important psychological threshold of $2. However, from a positional perspective, the price is still slightly above the January low of $1.81 and has not completely broken down.
AMBCrypto points out that despite the decent performance of spot ETFs and signs of accumulation from large holders on-chain, the overall market sentiment remains cautious. The signals from derivatives data are more defensive rather than indicating an immediate reversal.
The key structure has not been broken.
From the 3-day cycle perspective, the key low point for XRP is at $1.77, which has not yet been broken. Although it has nearly retraced all gains from January over the past ten days, the price still operates within the previously confirmed weekly demand zone, which is very crucial for bulls.
However, the funding situation is not optimistic. Since last December, the CMF index has consistently been below -0.05, indicating a steady outflow of funds. At the same time, the MFI index has not been able to regain above 50, and buying power has not yet formed a strong consensus, which clearly limits the short-term bullish logic.
Liquidity has been cleared, and there is still space for a rebound.
Below $2 was previously a clear liquidation concentration area. After XRP broke below this zone, a large amount of leverage was cleared, and this step has been completed. Historically, once liquidity is cleared, prices often experience a phase of recovery.
It is worth noting that XRP's performance at the beginning of this month was not bad; the internal structure of the 3-day chart has turned bullish. It's just that the short-term pullback has once again cooled market sentiment.
Why is it important to be more patient now?
As long as $1.77 is not effectively broken, the mid-term bullish structure of XRP still exists. Liquidation data shows that there are still quite a few leveraged positions below $1.80, and the price may still test downwards again.
Once the final dip is completed, the bearish squeeze towards $2.05 will become easier. If bulls can bring sustained demand, there is a chance for the market to replicate the rapid rebound trend seen at the beginning of this month.
Final Summary
The decline of XRP may not be completely over yet, but structurally, the long-term trend has not been broken. $1.77 is a key defensive line for bulls; as long as this position is maintained, the bullish logic remains valid. Short-term fluctuations are inevitable, but patience may be the most important strategy at this stage.
Disclaimer: This article is for market analysis only and does not constitute any investment advice.#美联储利率决议