This is truly the most miraculous bull market in history. Strictly speaking, it is a coexistence of a Bitcoin bull market and an altcoin bear market. Bitcoin is always up in the sky, while altcoins remain on the ground. Institutional investors are making a fortune, while retail investors are being cut and trapped, struggling for survival, leaving people feeling lost.
Last round was all about Grayscale buying, and this round has rumors of Trump’s institution buying. Last round had Grayscale concept coins, and this round features the Trump concept from the U.S. History has its astonishing similarities. If you are not good at picking coins, just follow Trump's institution to buy, the wish is beautiful, but time is a trial. Bitcoin is at 100,000, and not many are in profit. Buy strong coins more, and buy junk altcoins less.
Bitcoin just won't drop, while altcoins just won't rise. Could it be that we are really experiencing a false bull market?
In this crazy market, Bitcoin is thriving alone, while other coins are facing hellish difficulty. You can't go long or short. Now, when the big brother drops by 1 point, the little brother drops by 5 points. Altcoins are getting bolder in scamming. The Bitcoin bull market is not an altcoin bull market; it's the retail investors who are being overly sentimental. The bull hasn't exhausted; Bitcoin doesn’t even need to correct, it just keeps rising strongly.
The price of XRP is at $1.89, highlighting a strong upward trend on the daily chart (1D). After surpassing key levels, such as support at $1.80, XRP is consolidating strongly, aiming to reach resistance at $1.95 in the coming days.
🔑 Key Levels: • Support: $1.80 USD, essential for maintaining momentum. • Resistance: $1.95 USD, a breakout here could lead to $2.10 USD.
📊 Positive Indicators: The RSI continues to show strength in buyers, and the volumes support a healthy accumulation. The moving averages confirm the upward trend.
💡 Outlook: XRP remains one of the most interesting assets in the market, especially with the backing of its community and recent legal advancements. This could be an excellent time to watch its movement.