Is the XRP short position dominant? Yet the RSI tells you, the bull market potential is still there!
The technical aspect of XRP is chilling! The 4-hour RSI double-click structure has appeared, and history shows that this is usually a precursor to a sharp drop. Can the support level of $2.17 hold? This is an intense battle with multiple spaces! Analyst Dark Defender directly pointed out that the RSI repeatedly touches the oversold area, and the risk of a sharp drop is imminent!
However, calming down and analyzing carefully: Although XRP looks bearish in the short term, the long-term bullish momentum is still present! The 3-month chart shows a round bottom pattern, and this bullish reversal structure is a 'king signal' in textbooks. Once the adjustment is complete, the target points straight to $3, or even higher in the $5 to $9 range!
Short-term bears are roaring, while long-term bulls are lurking. Is this the 'life and death speed' of the XRP market, or 'rebirth'? All traders please fasten your seat belts, as what lies ahead may be a bumpy roller coaster!
Insight into market rhythms is the beginning of wealth control! Follow Old Tan closely, layout in advance, and let the next peak belong to your account! Pay attention to Old Tan, and never let opportunities slip away!
