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Recently spent a lot of time studying XRP's trend, and its recent performance has been quite interesting.
From a technical perspective, XRP's current price of $1.870000 has stabilized above the key support level of $1.795200, and it has been testing the resistance at $1.944800. This buildup phase is quite evident. The RSI is currently at 52.8, which is not extremely high, but it reflects that market sentiment remains optimistic with no signs of overbought conditions, indicating room for further upward movement.
My judgment is that XRP may initiate a wave of upward movement. The reason is simple—bulls are currently in the lead, and the technical pattern is gathering strength. If the price can break through the key level of $1.916700, it is likely to trigger a larger rally. Once this level is broken, it’s worth increasing positions cautiously to test the waters.
But risk management must come first. If the price drops below $1.795200, a decisive stop-loss is necessary to protect the principal. Trading is about finding opportunities within these support and resistance levels.
Overall, the upcoming market trend is worth paying attention to. The key price levels are summarized as follows:
• Support: $1.795200
• Resistance: $1.944800
• Breakout point: $1.916700
What do you all think about this trend? Share your thoughts.