Today, as soon as I opened my eyes, I saw that XRP was down again—it's not green from a rise, but green from a drop. The one-hour chart is sliding down like a slide, and many people are starting to feel anxious: is this thing going to completely lie flat, or is it going to pull off a big move? I am Nanxi, and after years of struggling in the crypto world, I've seen too many plots where you think it’s reached the bottom, but it’s actually still halfway up the mountain. Today let's clarify the situation with XRP in plain language.
First, let's look at the data:
XRP is currently stuck around $1.85, having dropped nearly 40% in the past 90 days. The liquidation data shows that long positions are suffering much more than short positions—what does this indicate? It indicates that those trying to catch the bottom mostly entered at halfway up the mountain. The MACD has dropped below the zero line, and although there is a 'underwater golden cross', remember that underwater golden crosses are often not reversal signals, but rather a continuation of the downtrend. Have you ever excitedly jumped into such a 'golden cross', only to end up deeper in the hole?
Everyone's position size is different; it is recommended to find Nanxi, become a villager of Nanxi, synchronize to enter and build positions, and Nanxi will help you plan your position and control risks!
The key is coming: How will it go from here?
The 5.350 and 5.000 above are two iron tops, without significant benefits it can't go up. What about below? 3.560 is the first hurdle, the real deadly support is at 1.610. In the short term, it may rebound to around 3.5, but that is not a reversal; it's an opportunity for you to escape or to try a light position for a rebound. Remember what Nanxi said: a rebound in a downtrend is like a flash of light in love — beautiful but fleeting.
Nanxi's viewpoint: If the market gives face and rebounds to around 3.560, that is the first 'high short' area, with a stop-loss placed just above 3.6. 2. If it can rush to the pressure level near 5.350, that is an excellent opportunity for a second layout of short positions. What’s the target? In the short term, look first at 3.560; after breaking, the medium-term target aims straight at that big support at 1.610! As for friends who want to bet on a short-term long 'to catch the rebound', remember to use a light position, enter and exit quickly; this is just licking blood on the knife's edge, don’t consider yourself a hero.
What should players do? If you are currently heavily invested, reduce your position when it rebounds to around 3.5, don’t linger in battle. If you are out of the market and want to bet on a rebound, make sure to use a small position and set a stop-loss; if it breaks the key level, run away immediately. Never listen to others shouting 'buy the dip'; the bottom is walked out, not guessed. Nanxi previously took fans on a rebound in Ethereum to profit, strictly adhering to the strategy of 'only doing short-term rebounds in a downtrend' — see, they avoided the subsequent big drop.
In a downtrend, preserving your capital is your biggest victory. If you also like this style of 'calm analysis and decisive execution', find Nanxi. I not only analyze the market every day but also share my real trading operations. After all, practical experience is the best teacher, right?
