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🔥 Today's Hot Topic: #MyTopAICoin#
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Today, the XRP market is showing a fluctuating trend. Although there is a certain rebound in the short-term, the overall characteristic still remains a high-level pressure and decline. Market participants need to closely follow the upper pressure in the 2.92-2.95 range. If it cannot break through and stabilize, it may face downward risks. The support level is around 2.82-2.80. Once this area is broken, the market may further test the bottom down to 2.75-2.70.
For trading strategies, consider the following points:
1. When the price rebounds to around 2.92-2.95, you can cautiously try to short, but you need to set a stop loss above 2.96.
2. If the price drops to the 2.82-2.80 area and breaks below, you can follow the trend and continue to be bearish, targeting 2.75-2.70.
3. If XRP can break through 2.95 strongly and hold, it may challenge the 3.00 level in the short term, at which point the short position should be abandoned.
Overall, XRP's market today is expected to show a Rebound followed by a fall, with a trading range between 2.70 and 2.95. Investors should focus on short-selling opportunities in the high pressure zone and follow-up operations after a break of the support level. However, the market is ever-changing, and investors must act with caution and manage risks.