The price of $XRP dropped again in the early hours of this morning, reaching the lowest level of 92500, forming a support and slowly rising to around 95000. This wave of decline should be the last wave of correction today. It has almost pulled back nearly 10,000 points in the past few days. We In the early morning, I was also bearish and gained nearly 1,000 points, so I left the market and the current price comparison reached around 94,900.

The daily chart clearly shows that the currency price found support when it reached the lower track, and then rebounded strongly. The support level is stable and has not been broken. We need to pay close attention to the rebound trend. There is currently no significant unilateral trend in the market, indicating that the market is neither unilaterally downward nor continuously upward. On the four-hour chart, the K-line closed with a long lower shadow line, the decline was limited and rebounded quickly, further confirming that the support is strong. This is a rebound correction triggered by the daily-level lower track support. Successfully escaped from the top at the beginning of the week, now you need to pay attention to opportunities to escape from the bottom. In short-term operations, be careful not to blindly chase short positions. You should focus on low and long positions and maintain a stable layout.

Big pie idea: more around 94,500, target 96,000

Ether idea: more around 3300, target 3400