XRP night market analysis and short-term T strategy

The real-time price of XRP is $1.0456, and the overall performance continues its recent strong rebound. Affected by factors such as the progress of the legal dispute between Ripple and the SEC and improving market sentiment, XRP has large room for short-term fluctuations and significant trading opportunities.

Market analysis

1. Support and resistance levels

• Support level: $1.00 is psychological support, with secondary support at $0.98.

• Resistance level: The key resistance above is $1.08, which may test the high area of ​​$1.12 after breaking through.

2. Technical indicators

• RSI: Currently close to 75, indicating that it is overbought in the short term, but the rebound trend is not over yet.

• Volume: Volume remains on the rise, suggesting capital is still flowing in and short-term momentum supports further gains.

3. Market sentiment

As Ripple continues to gain legal ground and Bitcoin secures a key position, XRP market sentiment is optimistic. However, we need to pay attention to the short-term correction risk brought about by market fluctuations.

Short-term T strategy

1. Recommended operating range

• Buying point: Buy in batches in the $1.02-$1.03 area, set the target price at $1.08, and set the stop loss below $0.99.

• Selling point: If it breaks through $1.08, the position can be gradually reduced to $1.12; if it encounters resistance at $1.08, consider falling back to $1.03 to reconnect.

2. Range oscillation strategy

• If XRP fluctuates between $1.02 and $1.08, a “T-shaped” strategy can be used to sell high and buy low. The target profit for each transaction is set to 3%-4%.

3. Breakthrough chasing strategy

• When the heavy volume breaks through $1.08, you can take a short position to chase the increase, with the target set at $1.12 and the stop loss set near $1.06.

4. Position management

• Control the position of a single transaction at 20%-30%, and flexibly adjust the position ratio to ensure that losses can be stopped quickly when the market goes against the trend.

Summary and risk warning

In the next 24 hours, XRP is expected to continue to fluctuate upward, but it needs to be wary of the impact of market adjustments. In short-term operations, avoid chasing prices blindly and strictly implement stop-profit and stop-loss strategies based on support and resistance levels. Also pay attention to news related to Ripple and SEC, which may have a significant impact on the market.

This strategy is for reference only, please invest with caution. $XRP