XRP market analysis and short-term strategy at night

Market

Currently, the price of XRP is $1.1225, with a daily increase of 1.3%, and strong bullish sentiment. After XRP recently broke through the psychological barrier of $1.10, it attracted more capital inflows, with a 24-hour trading volume of $24.5 billion. The market has confidence in Ripple's ecological layout, and at the same time pays attention to the breakthrough opportunities of technical barriers.

Technical analysis and key points

1. Support level: $1.10

This is an important support area in the near future. If it falls below, it may fall to $1.08.

2. Resistance level: $1.13 and $1.15

The short-term upper key pressure level, breaking through $1.15 may open up the upside to $1.18 or even higher.

3. Technical indicators:

• RSI (Relative Strength Index): Currently 63, short-term bulls dominate, but close to the overbought area, need to be alert to the risk of callback.

• MACD (Moving Average Convergence/Divergence): Located in the positive zone, the trend is obviously positive.

Short-term contract strategy

Long strategy

• Entry point: If the price falls back to around $1.11 and stabilizes, you can go long with a light position.

• Target point: The first target is $1.13, and the second target is $1.15.

• Stop loss point: Set below $1.09.

Short strategy

• Entry point: If the price is blocked near $1.13, you can go short with a light position.

• Target point: The first target is $1.10, and the second target is $1.08.

• Stop loss point: Set above $1.14.

Embrace every fluctuation of XRP and feel the pulse of the market.

In investment, volatility is a gift that gives us the opportunity to explore possibilities. Every solid support is a proof of the bulls' confidence in the market; every breakthrough of resistance is a declaration to new heights.

Trading is not only a game of numbers, but also a test of your own beliefs. Believe in your own analysis, embrace the balance between risk and return, and control your destiny with calmness and patience. Whether you choose to go long or short, every transaction carries expectations and beliefs for the future.

The future may be unpredictable, but every breakthrough gives wings to dreams. Stick to your original intention and capture the next gift from XRP! $XRP