The short-term trend of XRP has attracted the attention of investors in the current market. Compared to SUI, XRP shows stronger upward momentum, with not only a larger rise but also a higher market capitalization. From a technical perspective, XRP has completed nearly 50% of the fibonacci retracement level, which is often regarded as an important support level.
If the current box support is confirmed, XRP may welcome a new pump. For traders willing to take risks, this could be a potential entry opportunity. Currently, XRP's price fluctuates around 2.96, and it may be considered to set 2.9 as the stop-loss point.
However, investors should bear in mind that the cryptocurrency market is highly volatile and carries significant risks. It is essential to conduct thorough research and risk assessment before making any investment decisions. Additionally, the overall pullback trend in the market is also worth following, as it may affect the performance of individual cryptocurrencies.
Whether choosing contracts or spot trading, investors should formulate plans based on their risk tolerance and investment strategies. In this rapidly changing market, it is crucial to remain calm and rational.
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The short-term trend of XRP has attracted the attention of investors in the current market. Compared to SUI, XRP shows stronger upward momentum, with not only a larger rise but also a higher market capitalization. From a technical perspective, XRP has completed nearly 50% of the fibonacci retracement level, which is often regarded as an important support level.
If the current box support is confirmed, XRP may welcome a new pump. For traders willing to take risks, this could be a potential entry opportunity. Currently, XRP's price fluctuates around 2.96, and it may be considered to set 2.9 as the stop-loss point.
However, investors should bear in mind that the cryptocurrency market is highly volatile and carries significant risks. It is essential to conduct thorough research and risk assessment before making any investment decisions. Additionally, the overall pullback trend in the market is also worth following, as it may affect the performance of individual cryptocurrencies.
Whether choosing contracts or spot trading, investors should formulate plans based on their risk tolerance and investment strategies. In this rapidly changing market, it is crucial to remain calm and rational.