Attention XRP holders! Big things are coming!
XRP is currently selling at $2.4213, up 7.93%, looking quite hot. However, the perpetual contracts are only at $2.371, which is quite a gap.
A reminder for everyone:
1️⃣ XRP has already reached a non-trading area three times, which is like climbing to the top of a mountain; it may need to head down next.
2️⃣ It is said that FTX will release $16 billion worth of cryptocurrency in January, which is a big test for XRP, with massive selling pressure!
3️⃣ Creditors are sharpening their knives, wanting to offload their XRP at high prices; this is another wave of selling pressure.
4️⃣ Technical analysis shows that at the $3.5 to $3.7 range, XRP may collapse, so everyone needs to be cautious.
So what should we do?
🔹 Friends holding long positions, quickly withdraw and pocket the profits to avoid pain from future declines.
🔹 Those looking to buy, don’t rush; wait for a pullback, it might be cheaper then.
🔹 Everyone needs to keep a close eye on the market, watch out for false breakouts and bear market traps.
Risk management must keep up:
✅ Set stop-loss levels properly, so you can protect your capital in case the market goes haywire.
✅ Don’t let emotions take control; stick to your strategy.
✅ Keep a close watch on support zones to know where the market is heading.
Finally, here’s a tip: be meticulous in trading, don’t act impulsively; wait for the market to calm down, and opportunities will arise.
For the upcoming layout direction, I will guide everyone to target the profitable opportunities in altcoins, especially those with high potential projects. Expecting a return of over 10 times is not a problem. If you want to make big money in the bull market, like and comment, and I will help you layout the entire bull market!
