#以太坊行情解读 XRP is at a crossroads, what should be the next step?



Take a look at the recent trend of XRP - stuck in the range of 1.80 to 1.90, caught in a dilemma. Both bulls and bears are at a standoff here, and the short-term direction is about to erupt.

The bottom line is at 1.80. This is not set arbitrarily; institutional funds are actively accumulating here, making it the current lifeline. Broke 1.80? Don't rush; there's still the 1.77 defense line behind.

The upper pressure is at 1.90 - this is the dividing line for bulls to turn around and bears to exert force. To confirm a strengthening trend, it is necessary to close daily above 1.90 with increased volume, and only then can we aim for the area of 2.05-2.10.

Why does it seem hopeful? Several reasons:
- Institutions are actively protecting and accumulating near 1.80, which is a signal at the institutional level.
- The $300 million joint venture project from South Korea indirectly locks in $900 million worth of XRP-related assets, with a solid fundamental support.
- The correlation between XRP and $BTC, $ETH has decreased, and it has started to move independently.

**Bullish premise**: 1.80 must hold firm and not break, then a volume breakout above the 1.90 daily line at close counts, and only then is there a chance to challenge 2.00-2.10.

What about the downside? If it falls below 1.80, the adjustment will deepen, and we should prepare for 1.77 or even lower.

**How to operate today**: Lightly buy in the narrow range of 1.89-1.91, with the first target aimed at around 1.93 and the second target pushing towards 1.96. The key is to strictly control your position and not to chase the rise—this position's risk-reward is not yet clear.
ETH0.29%
XRP-0.62%
BTC0.05%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
MoonlightGamervip
· 14h ago
Twenty catties of shuttle entered the market
View OriginalReply0
Ser_APY_2000vip
· 14h ago
Valuable insights, greatly beneficial.
View OriginalReply0
Degen4Breakfastvip
· 14h ago
Stay observant and maintain a stable mindset.
View OriginalReply0
PonziWhisperervip
· 14h ago
Watch steadily before taking action
View OriginalReply0
down_only_larryvip
· 14h ago
All in is right, brother.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)