After a significant pullback from its high of $3.60, $XRP is currently finding support around $1.40.
However, what's truly noteworthy is the larger market structure: changes in long-term accumulation and distribution may be laying the groundwork for the next phase.
My watchlist:
$1.50 → $1.70 → $1.88 → $2.40 → $2.90
If XRP re-establishes itself above $1.50, accompanied by increased volume and momentum, the bulls may have a chance to counterattack.
Conversely, if it continues to face resistance, the price may retest lower support levels.
The most crucial thing now is not to guess the bottom, but to observe whether the consolidation can transform into a genuine breakout.
However, what's truly noteworthy is the larger market structure: changes in long-term accumulation and distribution may be laying the groundwork for the next phase.
My watchlist:
$1.50 → $1.70 → $1.88 → $2.40 → $2.90
If XRP re-establishes itself above $1.50, accompanied by increased volume and momentum, the bulls may have a chance to counterattack.
Conversely, if it continues to face resistance, the price may retest lower support levels.
The most crucial thing now is not to guess the bottom, but to observe whether the consolidation can transform into a genuine breakout.