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XRP short-term rebound struggles to reverse the weak trend; $1.95-$2.0 may present trading opportunities
【Crypto World】XRP has increased by 1.38% in the last 24 hours, which looks good, but overall this week it still dropped by 0.85%. Looking at a longer time frame, the market remains bearish. This recent rebound was mainly driven by Bitcoin—you’ve also seen that BTC has regained the $90,000 level, lifting the entire market. However, from October to now, XRP’s demand has been relatively weak, and the price structure clearly shows a bearish pattern. Some analysts believe that if XRP rebounds to the $1.95 to $2.0 range, traders going long might consider reducing their positions or arbitrage. This level has traditionally been a good selling point.
Run at 1.95-2.0, don't wait to get trapped.
That 1.95-2 dollar range definitely needs caution; hitting a historical high is just fate.
Thinking about a short-term rebound and hoping for more? I doubt it. Since October, the market has been weak for so long, and breaking this level would be the norm.
A 1.38% increase already feels great... Be cautious, everyone, the weekly chart is still red.
XRP got a favor from BTC, don't take it seriously. This rebound is just a false fire.
It still feels like it will fall; the bearish pattern won't turn around easily in the short term.
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It's another follow-up rally, with truly weak demand. I think this position is indeed a good point to sell.
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Wait, can it really reach 1.95? It feels like this week will mostly be volatile.
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Arbitrage opportunities are good, but there's no way to prevent it from continuing to fall.
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The market is led by BTC, XRP has no real story of its own, and the selling point is fine.
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I just want to know if this rebound can go beyond 1.95 after it sustains, or if it will stop there.
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A weak pattern is a weak pattern; no matter how much it rebounds, it's all虚的. It's still necessary to reduce positions.
1.95-2.0 is really a trap. I sold there last time, and now I think I was right.
The market is not bearish at all. Since October, there has been little trading volume. No wonder demand is weak; liquidity is lacking, brother.
I think it still depends on whether there are any positive news later. Just a rebound is meaningless and easy to get caught.
Why are there still people buying near 2 dollars? I wouldn’t dare to touch it at all.
When BTC surges, all coins rise, which doesn't really explain anything. The key is still the demand side. Right now, it's just a follow-up rebound. I don't think it will stop at $2.
The arbitrage space above $2 is actually quite limited, and the risk factor is there. It's better to wait for the next wave of correction to reallocate.
This rebound is the eye of the storm. The real test is still ahead. I am not very optimistic that XRP can break through this resistance zone.
It rebounds to $2 and then runs away—this trick is so old.
Since October, XRP hasn't turned around, feeling a bit hopeless.
Is $1.95 really the ceiling? Let's wait and see.
Once again, it's a place to harvest the leeks; this time, I won't fall for it.