XRP is currently in a descending triangle pattern on the daily chart, with the market showing signs of continued downward movement. For traders, it may be advisable to consider a short-term bearish strategy at this time.
It is recommended to establish a short position near $2.76. If the price rises to around $2.79, consider increasing the short position. The initial target price is set in the range of $2.67 to $2.65, and if the downward momentum strengthens, it may even test the support level of $2.50.
However, investors should be aware that the cryptocurrency market is highly volatile and carries significant risks. Before making any trading decisions, it is essential to conduct thorough market research and risk assessment. At the same time, it is important to closely monitor market changes and adjust strategies accordingly.
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InfraVibes
· 09-03 23:38
Without evidence, blindly building a position will lead to total loss.
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CryptoGoldmine
· 09-03 19:30
ROI data shows that the shorting point has arrived, waiting to play people for suckers.
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SchrodingerPrivateKey
· 09-01 04:46
Again, go long short positions shorting
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AirdropChaser
· 09-01 04:46
2.5 just wants to Tied Up me, what are they thinking?
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AltcoinHunter
· 09-01 04:42
Suckers always have to experience a short order wipeout to grow.
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GasDevourer
· 09-01 04:40
Directly place a short order first~
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TheShibaWhisperer
· 09-01 04:29
The more your coin falls, the better I sleep.
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TokenomicsTherapist
· 09-01 04:27
Don't mess around, be careful or you'll take the opposite position and To da moon.
XRP is currently in a descending triangle pattern on the daily chart, with the market showing signs of continued downward movement. For traders, it may be advisable to consider a short-term bearish strategy at this time.
It is recommended to establish a short position near $2.76. If the price rises to around $2.79, consider increasing the short position. The initial target price is set in the range of $2.67 to $2.65, and if the downward momentum strengthens, it may even test the support level of $2.50.
However, investors should be aware that the cryptocurrency market is highly volatile and carries significant risks. Before making any trading decisions, it is essential to conduct thorough market research and risk assessment. At the same time, it is important to closely monitor market changes and adjust strategies accordingly.