$XRP This move has been ranging right around $1.06 for a full day. The candlesticks printed three consecutive small-bodied bearish candles, but the lower wicks all stabbed down to $1.05 and then pulled back—an典型的缩量洗盘 structure of position-clearing on decreasing volume. In the past 24 hours, the amplitude was only 2.8%. Trading volume was $376M, down 40% compared to yesterday. This suggests the bearish selling pressure has run out of momentum, and bulls are quietly picking up near the lows.
Key support is firmly held at $1.05. This level is the neckline retest spot after the high-volume breakout in the prior two weeks. Once price breaks below $1.05, it opens up a “vacuum zone.” But today the low just hit $1.06 and got rejected, which indicates extremely precise control by the main players. The resistance level to watch is $1.09. This morning price surged to $1.09 and was pushed back immediately. That area holds trapped positions from three days of being stuck, but volume didn’t expand—so the sell pressure there is mostly passive, waiting for an escape/relief rally rather than aggressive distribution.
My take: bullish. The logic is simple—XRP has formed three successive higher-low bases between $1.05 and $1.09. The $1.06 “platform” is 3 percentage points higher than last week’s $1.03. The base keeps lifting. And this pullback is a low-volume, slow bearish drift—not a high-volume distribution. This is the classic consolidation of an upward continuation.
If tomorrow breaks above $1.09 with volume, the target is directly $1.12–$1.15, which corresponds to the dense prior-high zone from November.
My stop-loss is at $1.04. If price breaks below there, it means the structure is destroyed and all the long-side logic becomes invalid. But currently there’s no flip-to-bearish signal: the daily MACD is still above the zero line, and the RSI is around 55—everything looks healthy. The longer XRP consolidates, the stronger the breakout tends to be. This sideways action has already accumulated enough order/position rotation; it just needs one more high-volume bullish candle to trigger the move.
Note
Key support is firmly held at $1.05. This level is the neckline retest spot after the high-volume breakout in the prior two weeks. Once price breaks below $1.05, it opens up a “vacuum zone.” But today the low just hit $1.06 and got rejected, which indicates extremely precise control by the main players. The resistance level to watch is $1.09. This morning price surged to $1.09 and was pushed back immediately. That area holds trapped positions from three days of being stuck, but volume didn’t expand—so the sell pressure there is mostly passive, waiting for an escape/relief rally rather than aggressive distribution.
My take: bullish. The logic is simple—XRP has formed three successive higher-low bases between $1.05 and $1.09. The $1.06 “platform” is 3 percentage points higher than last week’s $1.03. The base keeps lifting. And this pullback is a low-volume, slow bearish drift—not a high-volume distribution. This is the classic consolidation of an upward continuation.
If tomorrow breaks above $1.09 with volume, the target is directly $1.12–$1.15, which corresponds to the dense prior-high zone from November.
My stop-loss is at $1.04. If price breaks below there, it means the structure is destroyed and all the long-side logic becomes invalid. But currently there’s no flip-to-bearish signal: the daily MACD is still above the zero line, and the RSI is around 55—everything looks healthy. The longer XRP consolidates, the stronger the breakout tends to be. This sideways action has already accumulated enough order/position rotation; it just needs one more high-volume bullish candle to trigger the move.
Note