XRP's current trend issue, to put it simply, is structural weakness. Looking at the daily rebound, each high point is moving lower. What does this reflect? The funds entering the market are becoming more conservative, and the rush mentality is particularly obvious.
The position around 2.10 should be重点关注, as it was a previous point of rebound failure and also accumulated a large number of trapped orders. Without releasing trading volume, a direct breakout is basically impossible.
From a trading perspective, a rebound to the 2.08 to 2.12 range is a good point to close positions, with a stop set at 2.18. If it drops, 1.95 is the first target, and there might be a chance for a rebound. But if 1.95 cannot hold, 1.90 will be repeatedly tested. For such coins, doing wave trading with long positions carries too much risk; short-term trend-following is the way to go.
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BearEatsAll
· 15h ago
It's the same theory again, always talking about structural weakness, why no rebound?
Are funds being cautious? I think retail investors have all been scared away.
That area around 2.10 indeed has a lot of trapped orders, but the trading volume can't pick up at all. If this continues, we'll have to keep testing the bottom.
Follow the trend in the short term? Easy to say, once it breaks 1.95, it will directly head to 1.90, and then someone will call for a V-shaped reversal again.
Forget it, let's wait for the big traders to decide XRP's fate.
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DeFiGrayling
· 01-04 00:14
Exactly, this wave XRP really isn't impressive. I'm also stuck at 2.10.
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OnChainSleuth
· 01-02 23:50
2.10 this level is indeed fierce, with too many trapped positions, and without volume, it’s impossible to break through
Come on, always talking about trading with the trend, but isn’t it just repeatedly being taught a lesson
Breaking 1.95 would really look bad, I bet it won’t hold
This wave of capital attitude is too pessimistic, it seems no one truly believes in it
2.08 to 2.12 empty positions? I think we should wait a bit longer, the timing isn’t right
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PseudoIntellectual
· 01-02 23:50
2.10 this critical level must be held, otherwise the trapped orders will explode
XRP's market, funds really lack confidence, every rebound feels like squeezing toothpaste
Oh my, it's time to test willpower again, is 2.08-2.12 really a chance to drift?
If the rebound can't break 1.95, it's game over. I bet 1.90 will be washed out in a wave
Short-term swings are really not for humans to handle, better to follow the trend for safety
If the volume around 2.10 doesn't pick up, it's a joke, what breakthrough are you talking about?
This structural weakness, I think XRP will continue to fluctuate, don't rush
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fren_with_benefits
· 01-02 23:47
Damn, it's the same old structural weakness again, I'm tired of hearing it.
That crucial 1.95 level really needs to hold, or else it will drop through and break the mentality.
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RamenStacker
· 01-02 23:46
XRP this wave is indeed unimpressive, it's just painful to watch, with higher highs getting lower and lower, which clearly indicates a problem. The trapped positions are dead and heavy.
By the way, the 2.10 level must be grasped; if the trading volume can't break through, closing the position is the smartest move.
If 1.95 can't be held, it might test 1.90. This coin is good for short-term trading, don't be greedy and go long.
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BasementAlchemist
· 01-02 23:38
After watching for a long time, there's still no sign of improvement; funds are all on the sidelines. The key level at 2.10 must be closely monitored, or it could be easily cut off.
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GateUser-6bc33122
· 01-02 23:34
2.10 That pile of trapped orders really requires a tough approach to break through, otherwise this coin will just have to keep wasting time.
XRP's current trend issue, to put it simply, is structural weakness. Looking at the daily rebound, each high point is moving lower. What does this reflect? The funds entering the market are becoming more conservative, and the rush mentality is particularly obvious.
The position around 2.10 should be重点关注, as it was a previous point of rebound failure and also accumulated a large number of trapped orders. Without releasing trading volume, a direct breakout is basically impossible.
From a trading perspective, a rebound to the 2.08 to 2.12 range is a good point to close positions, with a stop set at 2.18. If it drops, 1.95 is the first target, and there might be a chance for a rebound. But if 1.95 cannot hold, 1.90 will be repeatedly tested. For such coins, doing wave trading with long positions carries too much risk; short-term trend-following is the way to go.