From the 4-hour chart perspective, #比特币对比代币化黄金 hit resistance around 2.2185 and then pulled back, indicating heavy pressure at this level. More importantly, the price broke below the previous well-defined uptrend line, showing a shift in market sentiment.



I switched to the 1-hour chart to look closely at the trigger signal—the RSI got rejected right at the 50 midpoint, giving no face to the bulls at all. Price couldn’t even hold above the EMA; this momentum reversal is pretty obvious. At this point, going short seems to have a high probability of success since the rejection at the key resistance is so clear, and selling pressure is being released.

Next, pay close attention to whether the previous demand zone at 1.9822 can hold. If you want to follow this move, here’s a reference plan: open a position around the market price of 2.0350, with the first target at 1.9419, and for a more aggressive target, look at 1.8488. Suggested stop loss is above 2.0971 to guard against false breakouts.

$XRP and $FHE have also been quite volatile lately, so if you’re following these assets, it’s worth paying attention to their correlation.
XRP-2.43%
FHE-1.77%
BEAT17.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
GasFeeCrybabyvip
· 4h ago
Once the trendline breaks, my mentality collapses. The potential for XRP this round is really tempting. --- RSI got pushed back again. I’ve seen this combo move ten times already—getting a bit tired of it. --- If 1.9822 can’t hold, is there still room below? Feels like everyone’s just bottom fishing lately. --- Is shorting really that profitable? I thought so last time too, then got dumped in, haha. --- FHE and BEAT are dancing together with XRP—the correlation is really strong. --- Open a position at 2.0350? I’m still hesitating about getting in, worried about buying the top. --- Can’t even hold the EMA anymore, that’s pretty weak. Can’t just pretend not to see this signal. --- Stop loss at 2.0971—that’s a bit tight. Can your mindset handle it? --- That previous trendline was broken pretty decisively, so the rebound space shouldn’t be too big, right? --- Aggressively targeting 1.8488? That’s a drop of more than 20 points. You’d need a lot of luck to hit that.
View OriginalReply0
DeepRabbitHolevip
· 4h ago
Once the trendline is broken, mindset collapses. This wave of XRP is indeed fierce. RSI is being suppressed at 50, bears are already getting aggressive. Only if 1.9822 can hold is there a way out, otherwise, it will keep dropping further.
View OriginalReply0
BlockchainBouncervip
· 4h ago
XRP is indeed quite fierce this time. Breaking the trendline is really not a good sign. I agree with the logic of shorting, but I’m just worried about a false breakout catching people off guard.
View OriginalReply0
TrustMeBrovip
· 4h ago
Breaking the trendline, it feels like there's more downside ahead. I'm already in on a short. --- XRP really didn’t give the bulls any respect this time; even the RSI got pushed back. Shorting makes sense. --- If 1.9822 can’t hold, we’ll have to look even lower. There’s definitely a lot of pressure at this level. --- FHE and BEAT are following the trend too, huh? The correlation is so strong, it’s crazy. --- About opening a position at 2.0350, let me think about it. Feels like I need more confirmation. --- Even the EMA is broken, what more is there to say? The bulls are done. --- Aggressively targeting 1.8488? That’s pretty bold. I’ll stick to being conservative. --- Is stop loss at 2.0971 reliable? Feels like it could get triggered too easily.
View OriginalReply0
YieldChaservip
· 4h ago
This wave for XRP is indeed under immense pressure. Once the trendline is broken, it feels like there's no hope left. Shorting has a high win rate, but you need to maintain your composure. Whether 1.9822 can hold is truly the key.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)