From the 4-hour XRP candlestick chart, it currently shows a quite healthy correction feature—MACD is in a shrinking consolidation phase, and the RSI indicator is mildly rebounding in the neutral zone. The key for the price is to hold the support level before this round of correction, which has not yet broken the upward channel framework established in early January.
To put it simply, the current adjustment is the bulls consolidating profits above 2.17, while simultaneously digesting previous profit-taking. The bulls' upward momentum has been quietly accumulating.
From an operational perspective, you can focus on the 2.045 to 2.05 range as a reference point for buying on dips, with the upper target around 2.09. It is also recommended to pay attention to the movement of BTC and other mainstream cryptocurrencies, as these three often show correlated performance in such market conditions.
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quietly_staking
· 13h ago
I'm tired of hearing the same old story about shaking out the market; when it really breaks down, no one will dare to buy the dip.
That price of 2.045 was mentioned last year, and people are still waiting.
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FloorPriceNightmare
· 13h ago
Accumulation is just accumulation; don't make it more complicated. Just get off at 2.05 and it's done.
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AirdropHarvester
· 13h ago
Shaking out is just shaking out; it all depends on whether we can hold the 2.045 level. If it breaks, we'll accept the loss.
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MEV_Whisperer
· 13h ago
It's the same old story of shaking out investors, every time the same.
Can you really buy the dip at 2.045, or is it just another trap?
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LiquidationKing
· 13h ago
2.17 That wave of profit-taking is too much. This round of correction really needs to be more intense.
It's good as long as the channel holds; breaking it would be a real problem.
I've already placed an order at 2.045 and am waiting.
It mainly depends on BTC not to cause trouble.
From the 4-hour XRP candlestick chart, it currently shows a quite healthy correction feature—MACD is in a shrinking consolidation phase, and the RSI indicator is mildly rebounding in the neutral zone. The key for the price is to hold the support level before this round of correction, which has not yet broken the upward channel framework established in early January.
To put it simply, the current adjustment is the bulls consolidating profits above 2.17, while simultaneously digesting previous profit-taking. The bulls' upward momentum has been quietly accumulating.
From an operational perspective, you can focus on the 2.045 to 2.05 range as a reference point for buying on dips, with the upper target around 2.09. It is also recommended to pay attention to the movement of BTC and other mainstream cryptocurrencies, as these three often show correlated performance in such market conditions.