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From the perspective of chip distribution, XRP has a dense chip peak near the current price level, indicating that there are many loss-making positions for investors. During a rebound, the selling pressure is heavy, making it difficult to form effective pump momentum.
It is recommended to short near the upper edge of the consolidation range. If it breaks below the lower edge of the range, you can add positions accordingly. If it breaks above the upper edge of the range, then temporarily exit and observe to avoid short-term reversal risks.
Operation suggestion: Short near 2.03-2.10, looking down to around 1.90-1.82, if it breaks down continue looking down.
#加密市场观察 $XRP $BTC $ETH