I looked at the recent trend of XRP, and there is actually a lot of favourable information—$82 million net inflow into ETF, RLUSD log in to Ethereum L2, and obtaining a charter from the Federal Trust Bank, all of which are solid driving forces. But the problem is, after the good news landed, the price is still fluctuating around $1.92 without the expected continuous rise, and instead, buying pressure seems very weak.
From a technical perspective, the daily chart still maintains a downward trend, with no obvious reversal signals. The 4-hour level can illustrate the problem better— the MACD red histogram is very weak, and the trading volume has not increased in coordination, indicating that the bullish strength is clearly insufficient, and the momentum for going long cannot be sustained.
Based on this judgment, one might consider a light shorting approach. However, risk management must be the priority, and it's safer to set a stop-loss at 2.2 USD. If the price breaks through this level, it indicates that the bearish trend has been disrupted, and one should immediately close their position and exit. After all, given the volatility of the crypto market, operating with a light position and strictly adhering to the plan is key to survival.
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RektDetective
· 2025-12-23 04:37
Hold on under pressure and wait a little longer.
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DeepRabbitHole
· 2025-12-23 04:15
These Favourable Information seems a bit fake.
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BridgeNomad
· 2025-12-22 08:51
This long positions won't go far.
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BottomMisser
· 2025-12-22 08:49
Not entering a position is the most Favourable Information.
I looked at the recent trend of XRP, and there is actually a lot of favourable information—$82 million net inflow into ETF, RLUSD log in to Ethereum L2, and obtaining a charter from the Federal Trust Bank, all of which are solid driving forces. But the problem is, after the good news landed, the price is still fluctuating around $1.92 without the expected continuous rise, and instead, buying pressure seems very weak.
From a technical perspective, the daily chart still maintains a downward trend, with no obvious reversal signals. The 4-hour level can illustrate the problem better— the MACD red histogram is very weak, and the trading volume has not increased in coordination, indicating that the bullish strength is clearly insufficient, and the momentum for going long cannot be sustained.
Based on this judgment, one might consider a light shorting approach. However, risk management must be the priority, and it's safer to set a stop-loss at 2.2 USD. If the price breaks through this level, it indicates that the bearish trend has been disrupted, and one should immediately close their position and exit. After all, given the volatility of the crypto market, operating with a light position and strictly adhering to the plan is key to survival.