14-point tracking: the 1.300 confirmation level provided in the morning was briefly broken to the upside. $XRP bounced as high as 1.312, but then slipped back to around 1.298. In other words, the rebound has support, but the condition of an “effective hold above 1.300” has not been met yet.
As of 14:00, XRP is down 7.77% over the past 24 hours, with trading volume of about $2.40 billion. The full 1-hour candlestick in the midday session closed above 1.300, but the next one closed back below at 1.296. Open interest fell from roughly 298 million to 295 million, and the funding rate narrowed to -0.0021%.
Updated conclusion: 1.300 is still the short-term dividing line. Only if it can continuously hold above it should it be seen as a sign that sell pressure is easing. If it breaks below 1.292 again, the quality of the rebound will further deteriorate. No entry was made in the morning, and there is still no entry now—continue waiting. $XRP #XRP #午间跟踪 #Market Watch
As of 14:00, XRP is down 7.77% over the past 24 hours, with trading volume of about $2.40 billion. The full 1-hour candlestick in the midday session closed above 1.300, but the next one closed back below at 1.296. Open interest fell from roughly 298 million to 295 million, and the funding rate narrowed to -0.0021%.
Updated conclusion: 1.300 is still the short-term dividing line. Only if it can continuously hold above it should it be seen as a sign that sell pressure is easing. If it breaks below 1.292 again, the quality of the rebound will further deteriorate. No entry was made in the morning, and there is still no entry now—continue waiting. $XRP #XRP #午间跟踪 #Market Watch