Is XRP's Nighttime Comeback Imminent? Key Breakthrough at $1.37, Short-Term Arbitrage Opportunity!

The current price of XRP is $1.3742, and the nighttime market seems to be gradually building upward momentum. XRP has recently maintained a fluctuation range between $1.35 and $1.38, and a breakthrough may occur next. In the current market environment, whether XRP can break through $1.38 and maintain above that level will determine the price trend in the next few hours. If the breakthrough is successful, XRP will welcome greater upward potential.

1. Long Strategy (Breakthrough Rebound)

Entry Point: When XRP breaks through $1.38 and stabilizes above this price level, indicating strong upward momentum, a long position can be considered. In the short term, a target price of $1.45 may be reached. Take Profit Point: The target price is $1.45, which is a key resistance level for XRP in the short term. Once broken, the likelihood of further rising to $1.50 increases. Stop Loss Point: If the price of XRP falls below $1.35, it indicates insufficient upward momentum, and a stop loss is needed.

Leverage Recommendation: It is recommended to use 5x leverage. XRP has high volatility in the short term, using 5x leverage can amplify potential returns while ensuring relative safety, suitable for investors optimistic about short-term rebounds.

2. Short Strategy (Fluctuation Correction)

Entry Point: If XRP fails to break through $1.38 and encounters pressure at this position, a short position can be considered, with expectations that the price may pull back to around $1.30. Take Profit Point: The target price is $1.30, which will be the short-term support level for XRP. If it pulls back to this level, good short-term profits can be obtained. Stop Loss Point: If XRP breaks through and stabilizes above $1.40, then a stop loss should be considered to avoid missing out on a larger upward movement.

Leverage Recommendation: It is recommended to use 5x leverage. The short-term pullback of XRP may not be deep, using a moderate leverage ratio can yield profits during slight price retreats while avoiding risks associated with high leverage.

Bold Future Prediction:

Currently, XRP's price is in a critical range. If it breaks through $1.38 in the short term, it will signify the establishment of a bullish trend, and further rises to $1.45 or even $1.50 are entirely possible. However, if XRP fails to break through this level tonight, its price may face some pullback, with a retreat to $1.30 being a reasonable expectation in the short term. $XRP