📢 Ripple targets Turkey’s $200 billion crypto market Ripple announced its strategic interest in Turkey’s $200 billion crypto market. The company links its plans to pressure on the Turkish lira and growing demand for dollar-denominated stablecoins among local consumers and businesses. According to Ripple, Turkish banks are gaining access to crypto asset custody services amid changes in local regulations. Institutional players are following retail users, who actively use crypto as a hedge against the lira’s depreciation. Ripple views Turkey as a key market for promoting dollar-denominated stablecoins and crypto solutions for banks. $XRP ‌

Until the previous high is reclaimed, I won’t treat this rebound as a reversal. I positioned the $US short ahead of time, with the rebound stalling below the previous high and volume failing to follow through. I took 80% profit first and kept 80% to watch the downside. +446.36% is just the result; the key point is that this level was inherently bearish. Technically, the upper boundary of the range has been swept multiple times but failed to close above, indicating that selling pressure remains overhead. After the price broke below the short-term moving averages, the rebound could only cling to them. The price-volume relationship also shows declining volume on the way up and expanding volume on the way down, meaning bears are more proactive. Around 0.014482 below, the previous low overlaps with the liquidation zone; first, I’ll see whether there is support there. I placed the protection level above the key point of the most recent false breakout. As long as the price does not reclaim the range with strong volume, the short thesis remains valid; once it stabilizes above and closes higher consecutively, the original assessment is invalidated, and I’ll close the remaining position directly rather than fight the market. It is not suitable to chase shorts now. If you miss it, wait for the next rebound to confirm the key level. Scale into the position so your mindset stays steady. $XRP $ADA

$XRP is one I’m watching closely on Gate right now. Price is holding around $1.51, but I’m not interested in buying just because the chart is green. Gate XRP futures have roughly $346M in open interest, so there’s enough leverage in the market for a confirmed move to accelerate. My trigger is simple: LONG only above $1.515 Entry: $1.516–$1.524 TP1: $1.545 TP2: $1.575 TP3: $1.615 SL: $1.488 If XRP breaks $1.515 and holds it, I’m interested. If buyers fail and $1.488 gives way, the setup is off. I’d rather enter late with confirmation than become exit liquidity.