$XRP This move has really been powerful, pulled up from a low position—short sellers have clearly been squeezed pretty hard. But after reviewing the chart, I’ve actually become a lot calmer: the price is exactly pressing against the upper boundary of the prior high-density trading zone. That area is loaded with trapped positions, so selling pressure was heavy to begin with. On the board, there have been continuous long upper wicks, suggesting that distribution has been ongoing at the higher levels and that chase-buyers haven’t been very eager. Spot buy orders also haven’t really kept up; this rally looks more like contract short covering pushing it higher, and its sustainability has always been questionable. Large on-chain transfers aren’t particularly active either—there are no clear signs that major funds have stepped in in a big way. The mood is more of a relief/repair component. After all, it has been falling for such a long time; many people have finally waited to get out at breakeven, and the selling pressure is real. So my view is that the probability of a direct breakout in the short term is not high; more likely, it will first range and churn here to digest. If sentiment holds up, after XRP pulls back there may still be another chance to attack again; but if the pullback directly breaks below the start of this rally, then the nature changes—it would be just a rebound after oversold conditions, not a trend reversal. I won’t get carried away just because of one big bullish candle. I’d rather wait for resistance to provide a clear direction. At this point, the long/short divide is already very large—patience matters more than impulsiveness.