XRP rebounds and surpasses $1.89. Can it hold the key support in the short term?

Question

【Crypto World】Ripple successfully rebounds, avoiding a dangerous technical breakdown, and pushes back above the middle band of the monthly Bollinger Bands at $1.8896. January ultimately closed up 5.67%, marking the first monthly gain since September, successfully avoiding a bearish risk that could have pushed the price to $0.21.

But don’t celebrate too early. There’s still a high wall ahead—the resistance level at $3.56 is far in the distance, and all technical indicators have clearly retreated from their July highs. In the short term, the market may fluctuate within this range, slightly leaning towards bullish, but the key condition is that XRP must hold the critical level of $1.8896.

If this support breaks, there could be significant downside space. It all depends on whether it can stabilize at this level.

MetaNeighbor · Accepted Answer

1.89 USD if we can't hold it, we'll be on the roller coaster again

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Speaking of which, this rebound is really weak... still so far from 3.56

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If it breaks down, it might drop directly to 0.21? That's a bit scary, buddy

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Monthly red is a good thing, but I still don't dare to go all in, it's too easy to be trapped

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Let's see how long this support can hold, got caught up in a gambler's mentality

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Feels like we're about to consolidate again, those without patience would have been cut early

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Last month I thought it was over, but this time we really turned danger into safety

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The indicator pullback is a bit exhausting for me, it's not quite what I expected

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Is this the only support zone in this range? Feels like the risk is still quite high

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Don't be fooled by the monthly red, there's still more to endure later

BtcDailyResearcher · Answer

1.89 USD is really a tough spot to hold, once it breaks below, it will really drop hard

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The wall is too far away, short-term is just repeated tossing and turning, so frustrating

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Since September, only once has it turned red again, this rally is really not impressive

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If the vital point can't be defended, it's over. I think I should be more cautious

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Feels like it's still a shakeout, the drop to 0.21 scared a lot of people

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The technical indicators have fallen so obviously, can the rebound last?

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3.56 is too far away, I can't see that price level

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I'm just worried that once the support breaks, it will drop straight down. This coin is too volatile

LiquidationOracle · Answer

1.89 USD, is this barrier really that tough? Feels like we're about to see more volatility.

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That 0.21 bottom almost scared me to death, but luckily I dodged it.

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Red is red, but this time the gains aren't very impressive either.

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I'm just afraid that if it breaks the level again, it'll be cut in half...

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That 3.56 target feels like it's far out of reach.

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Holding the key level is the real thing; everything else is just虚的.

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Falling from the July high so much, the technicals are indeed weakening.

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In January, the red was only 5.67%, the increase was a bit miserable.

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If the support level breaks again, I might just withdraw.

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The wall is too high, and I'm more worried about the bottom not being secure.

mev_me_maybe · Answer

1.89 can't hold, and it's not surprising to fall back to 0.5. Don't be fooled by this rebound.

ShitcoinArbitrageur · Answer

Retail investors who bought the dip at 1.89 can smile again; just don't run away too early this time.

blocksnark · Answer

1.89 is really stuck at this level, it feels like it's about to start messing around again.

If it can't hold, just push it down directly. Don't ask me why I'm so pessimistic.

3.56 is under immense pressure; don't expect a big market in the short term.

Everyone says the monthly red close, but the indicators have long since declined. Is this rebound reliable?

A slight looseness at the vital point and it's over; it's too intense.

XRP rebounds and surpasses $1.89. Can it hold the key support in the short term?

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