$XRP is happening again.
Yesterday, it bottomed out at the pullback to 1.39U and stopped falling. In the short term, I figured it would adjust to this level as well. I was originally hoping to add at 1.27U, but I didn’t get the chance—on-chain data started flowing in again, and the hourly chart has already ended the downtrend.
At 1.453U, I bought again to run a short-term swing.
Recently, after breaking above the previous high again, I don’t think it’s very likely to continue much farther. So how will the price move? In the short term, there will be repeated choppy oscillations until it follows the broader market’s adjustment.
From a longer-term perspective, the $XRP RWA narrative and cross-border payments still have the advantage. Breaking the all-time high is simply a matter of time.
#XRP #short-term trading
NFA, DYOR.
Yesterday, it bottomed out at the pullback to 1.39U and stopped falling. In the short term, I figured it would adjust to this level as well. I was originally hoping to add at 1.27U, but I didn’t get the chance—on-chain data started flowing in again, and the hourly chart has already ended the downtrend.
At 1.453U, I bought again to run a short-term swing.
Recently, after breaking above the previous high again, I don’t think it’s very likely to continue much farther. So how will the price move? In the short term, there will be repeated choppy oscillations until it follows the broader market’s adjustment.
From a longer-term perspective, the $XRP RWA narrative and cross-border payments still have the advantage. Breaking the all-time high is simply a matter of time.
#XRP #short-term trading
NFA, DYOR.