The XRP market is showing a volatile trend today. As of August 26, 11:30 AM, XRP is priced at $2.89, with a 24-hour high of $3.04 and a low of $2.84. Compared to last night's price of $2.95, XRP has seen a slight decline, falling below the $2.90 mark, confirming the market's concerns about the risk of price downturn.



From a technical perspective, the trading volume in the morning session is average, and various technical indicators show a neutral trend. There is strong resistance in the market at the range of 3.05 to 3.10 USD, while 2.85 and 2.80 USD below are important support levels.

For investors, it is necessary to operate cautiously in the current market environment. If a rebound occurs, attention can be paid to whether the price can return to the range of 2.95 to 3.00 USD. If it can break through with volume, consideration can be given to entering, while setting the stop-loss at 2.93 USD, with the upward target looking towards 3.08 or 3.15 USD.

Another strategy is to accumulate at low levels, with incremental purchases in the range of $2.85 to $2.80, setting a stop-loss at $2.78 and targeting a rebound to $2.95. If the price stays below $2.85, it may indicate the formation of a downward trend, at which point a light short position can be taken, targeting price levels of $2.80 or $2.73, and employing a trailing stop strategy.

Overall, although the policy aspect may have bottomed out, the technical aspect has not yet been confirmed. Investors should determine their positions based on price levels, only taking action when confirmation signals appear, and always maintain strict stop-loss discipline to avoid chasing highs or getting into prolonged battles. In the current uncertain market environment, it is crucial to remain rational and vigilant.
XRP-1.08%
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ConfusedWhalevip
· 9h ago
Just remember to All in and it's done.
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OfflineValidatorvip
· 9h ago
Who can stand this trap continuing!
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MEVHunterBearishvip
· 9h ago
Continue to sit and wait for the big dump!
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GasFeeVictimvip
· 9h ago
Stop messing around, just do the Margin Replenishment.
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