XRP/USDT trend analysis:
XRP: Is the bull market back or just pretending to 'take a sip' first?
Looking at this curve, XRP's performance resembles that of a surfing expert: it surged from a low of 0.4917 USD to 2.9092 USD, a leap that can be described as a carp jumping over the dragon gate! But then it briefly pulled back to around 2.6 USD, as if to say, 'I'm just taking a breather, don't rush, we'll surge again later!'
Three key points to visualize:
1. Moving average situation:
• MA7 (short-term): 2.4468, the price is above the short-term moving average, indicating that short-term bulls are in control, which is quite promising!
• MA25 and MA99 (medium to long term): 2.1582 and 1.0105, the moving averages are diverging upwards, as if saying: 'There is still upward space in the future, just be patient.'
• Short-term support: around 2.44, pulling back but holding steady.
2. Trading volume:
• 90-day increase of 351.33%, 180 days 435.6%! My goodness, XRP has directly boarded the rocket.
• Trading volume surges, market sentiment is extremely active, and the battle between buyers and sellers is fierce—it's practically 'fire and fury'.
3. Comparison of buying and selling power:
• Buy orders: 45.96%, slightly weak, but still keeping up.
• Sell orders: 54.04%, there is considerable short-term selling pressure, but as you know, XRP always manages to turn the tide.
Related news and anecdotes:
1. SEC vs. Ripple:
This ongoing lawsuit is comparable to an annual drama series. The SEC and Ripple have been in court for ages, and recently XRP has won a few rounds, boosting market sentiment: 'Once we win the lawsuit, we can soar!'
2. Global payment ambitions:
Ripple has always been committed to being the 'experienced driver' in cross-border payments, and many financial institutions are secretly paying attention to XRP: if this 'dark horse on the blockchain' can truly go global, wouldn't the crypto space be in an uproar?
3. Technical fundamentals remain strong:
XRP's advantages of low fees and fast transfers remain unmatched, which is why it can take off whenever there are market fluctuations.
Trend summary:
1. Short-term: XRP is currently in a consolidation phase around 2.6 USD, with 2.44 as the short-term support point. A breakout above 2.73 resistance may lead to further strength.
2. Medium to long term: The fundamentals and policy environment are gradually improving, and it remains a potential player that could challenge 3 USD in the future.
Reminder: XRP is like a 'slow starter athlete'; once it breaks free, it might leave everyone behind. But investing in this thing requires a calm mindset—'Opportunities are always reserved for those who remain unflustered!'