#USD1链上质押享年化9.48% XRP just hit the 1u level today, which is a critical defense line (psychological line). Last July, it peaked at 3.65u, and now it's dropped this much, and many people have already given up on it.

But I think now is a time worthy of serious attention. First of all, just a few days ago, Japan approved the legal launch of a stablecoin in the XRP ecosystem locally. This is the first time the entire XRP ecosystem has obtained a real regulatory ticket in Asia, which is significant.

Then on-chain data shows that a large amount of XRP has recently been withdrawn from exchanges. This behavior usually indicates that someone is quietly hoarding, rather than preparing to sell.

Another detail is that there are obviously more people shorting XRP than longing it. This extreme long-to-short ratio historically signals an impending liquidation. Once positive news comes out, shorts will be forced to cover very quickly, and the price can bounce back in a very short time.

The biggest catalyst right now is the U.S. crypto regulatory bill. If this bill advances, XRP will be one of the most benefited tokens.

If the 1u level holds, you can try going long, with an initial target of 1.3u and a stop loss below 0.9u.

If it breaks below 1u, there is little support below, then we'll see.

$XRP

‍#xrp