$XRP



Hey Binance Fam,
We're not quite there yet, but our next leveraged trade for XRPUSDT is on the horizon! There's a bit of a pause right now, a period of rest after a big move. Think of it like a boxer catching their breath before the next round.
What's happening now?
The market is currently in a trading range. It's moving sideways, like a surfer waiting for the next big wave. The lower boundary of this range is like a support line. Normally, before the next upward move, this support breaks. This sudden drop can trigger a wave of stop-loss orders, liquidating over-leveraged traders. Once this shakeout is over, we often see a new bullish surge.
Let's break it down:
* The arrows on the chart are just for illustration. They show different ways this scenario could play out.
* The first wave ended in early December. Then, the market entered this consolidation phase. It's like a breather after a sprint.
* This consolidation phase can last from 1 to 3 months. We're thinking around three months, but it really varies depending on the market and the crypto pair. So, instead of focusing on a specific time, we focus on the price action.
* The next advance could take XRPUSDT beyond $4.
So, what's the plan?
We wait patiently! There's always a period of rest between a strong move and the next one. XRPUSDT has been moving sideways for 23 days now, so we're definitely in that phase.
The red arrow on the chart is key: When that major drop hits, that's our signal to go LONG! Until then, the market will likely continue its sideways movement, and this is where leveraged traders can easily lose out.
Ignore the SHORT side for now. The overall trend for XRP is bullish.
Stay tuned, Binance Fam! We're all in this together.
Namaste!