XRP has been fluctuating repeatedly in the range of $2.03-$2.10 recently, and the market seems somewhat stuck. Most traders are staying on the sidelines, mainly waiting for the voting results on the "Digital Asset Market Structure and Transparency Act" in the US on January 15.
From a technical perspective, $2.00 is a key psychological support level. If it breaks, the price could directly fall to $1.90 or even $1.80. Conversely, to move higher, it needs to break through the resistance levels at $2.18 and $2.32 to go further. If all goes well, $2.50 could also be within reach.
But honestly, whether the price can move in the short term mainly depends on regulatory news. Regardless of the voting outcome, this bill will have a direct impact on XRP's subsequent market performance.
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SwapWhisperer
· 4h ago
Wait for the voting results on the 15th, one word: suffocating.
This bill is really crucial, it feels like everything hinges on it.
If that 2.00 line really breaks, I'll just run away directly.
Why is XRP's recent market so sluggish? It's driving me crazy.
We still need to see the regulatory attitude; technicals are just a backdrop for now.
If it can really stay above 2.50, the previous fluctuations are worth it.
Breaking below 2.00 and dropping straight into a crash? That's too risky.
Whether the bill passes or not, it will cause movement, so let's wait.
Feeling a bit cut off; it's really uncomfortable to be sideways for so long.
Only if it breaks through 2.18 will there be a chance? So much pressure.
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GateUser-a606bf0c
· 14h ago
At this critical moment of the bill vote, who dares to make a move? Everyone is waiting for the news.
Wait, can $2.00 really hold? Feels a bit shaky this time.
Honestly, regulation is a gamble; it all depends on the voting results to turn the tide.
$2.50? Dream on. It needs to break through $2.32 first.
Stay put and do nothing, anyway, even if it drops, it won't fall too much.
XRP will either take off or plunge on the 15th, depending on how the vote goes.
It's so tense, when will there be a definite message?
I think the resistance level at $2.18 is quite tough; a breakthrough should be solid.
Regulation determines life or death; technical analysis is truly all in vain.
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SeeYouInFourYears
· 01-12 17:54
Honestly, with both regulations and legislation, this wave of market movement is basically a gamble on politics.
Waiting for the results or just going all in directly—it's up to each person to choose.
If 2.00 breaks, it will drop straight down; it's a bit shaky.
With just one word from regulators, XRP can go up or down, still a bit hard to understand.
Can we really reach 2.50? Come on, let's stabilize at 2.00 first.
How long will this stalemate last? It's driving me crazy.
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GweiWatcher
· 01-12 17:53
Honestly, this wave of waiting for the voting results feels like purgatory, pulling back and forth between 2.03 and 2.10 every day.
The regulatory sword hangs overhead; who dares to hold a heavy position?
Breaking below 2.00 would be over; just go to 1.80 and eat noodles.
On January 15th, I’ll have to stay up late watching the live stream again. I’m too exhausted.
The 2.50 target sounds like a dream; let’s first survive and get back to 2.18.
XRP is just like that, a gambler’s game.
This bill vote is really a life-and-death situation; it’s either up or down.
It’s just a tug-of-war; the whales are just doing a shakeout, waiting to harvest the leeks.
If 2.00 breaks, I guess I’ll have to cut losses; it’s exhausting.
Everyone is waiting for news, the more they wait, the more anxious they get. This is the crypto world.
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GasFeeTears
· 01-12 17:50
The market has been consolidating for so long, but we still have to watch regulations. To be honest, we're all betting on policies.
Just wait until the 15th, anyway there's no point in moving now.
If 2.0 breaks, we really need to consider stop-loss; this wave has been too passive.
Once the bill is out, all technical analysis becomes useless; regulation is the real boss.
If you ask me, XRP is just a policy coin; its rise and fall depend entirely on the mood of those folks in Washington.
It should have already fallen to 1.8 long ago; it's still holding around 2, which is quite resilient.
I've said many times that 2.5 is the key level; it feels like it's still a distant dream.
Honestly, I no longer look at technicals; I only watch regulatory progress, everything else is nonsense.
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ShibaSunglasses
· 01-12 17:48
Wait until the voting results on the 15th, it's actually a gamble on policy direction. XRP's current situation is quite uncertain.
A single statement from regulators can turn everything upside down. The technical support and resistance levels are all meaningless.
If it breaks through $2, it will head straight to $1.8. The suspense is really a bit nerve-wracking.
Honestly, those holding positions now are betting on favorable policies; otherwise, who would dare to move?
It's another policy-driven market. It's so annoying; I'd rather wait for the results before jumping in.
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RektRecorder
· 01-12 17:43
Waiting for policy news again? Basically, there's no real upward momentum.
Waiting for the 15th, anyway if 2 dollars can't be maintained, it will drop straight down. I can't be bothered to watch.
Relying only on a voting result to support it? That's the most heartbreaking part.
2.5? Dream on. First, hold onto 2 dollars, then talk.
Once regulators step in, the fluctuation range can be terrifying. XRP is really tied to policies.
Stuck for so long and still relying on Uncle Sam's approval, so realistic.
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ChainMaskedRider
· 01-12 17:34
I just want to know when the voting on this bill will be finished. Is it really interesting to keep dithering in this price range all day?
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Once the 2.00 line is broken, it's over. Don't bother with all that psychological defense stuff.
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Honestly, once the regulatory news comes out, all these technical indicators are just clouds.
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Wait until the 15th. Anyway, the current holdings are stuck and can't move.
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Rising to 2.50 feels a bit wishful; let's see if it can stabilize above 2.18 first.
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This wave really depends on what the bill says. It feels like the market is holding its breath, waiting for news.
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XRP is really being held hostage by this bill. No one dares to make big moves before the vote.
XRP has been fluctuating repeatedly in the range of $2.03-$2.10 recently, and the market seems somewhat stuck. Most traders are staying on the sidelines, mainly waiting for the voting results on the "Digital Asset Market Structure and Transparency Act" in the US on January 15.
From a technical perspective, $2.00 is a key psychological support level. If it breaks, the price could directly fall to $1.90 or even $1.80. Conversely, to move higher, it needs to break through the resistance levels at $2.18 and $2.32 to go further. If all goes well, $2.50 could also be within reach.
But honestly, whether the price can move in the short term mainly depends on regulatory news. Regardless of the voting outcome, this bill will have a direct impact on XRP's subsequent market performance.