XRP's recent short-term performance has been good, forming a triple bottom pattern. As long as there is no significant decline in the short-term, this rebound is worth paying attention to—targeting the local high of $2.30.



But here’s the clarification: this is just a short-term upward movement, and we cannot yet confirm whether this is the absolute bottom of a multi-month correction cycle, or if it’s just a short-term rebound followed by a test of the medium to long-term demand zone above. That demand zone is located below—$1.60.

My personal view is that the latter possibility is more likely. If it indeed reaches that point, it would be another quite good entry opportunity for long-term holders.
XRP-1.57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
Degentlemanvip
· 20h ago
Triple bottom sounds good, but I still think the 1.60 level is more realistic... friends holding long-term, stay tuned.
View OriginalReply0
DoomCanistervip
· 01-07 17:44
Triple bottom sounds good, but I think this rebound is just a rebound... don't get too excited too early To be honest, the real accumulation point is at $1.60 Those who have been holding long-term should know this routine Is it another round of cutting losses? It still seems to depend on whether $2.30 can hold steady, otherwise it's all for nothing This demand zone is usually hit very accurately, I bet it will dip further Rebound is rebound, just don't get fooled in Waiting to buy at $1.60, this is routine operation By the way, does a triple bottom necessarily mean a reversal? That's a bit optimistic.
View OriginalReply0
HypotheticalLiquidatorvip
· 01-06 14:56
Triple bottom looks intimidating, but the $1.60 threshold is the real risk control limit—by the way, it would be good if this rebound can hold until $2.30.
View OriginalReply0
IfIWereOnChainvip
· 01-05 08:58
Well, triple bottom sounds impressive, but honestly, it might just be a false alarm. 1.60 is the real level to watch; that's the bottom I want to buy. Don't dream of 2.30, just stay alive first. --- Long-term or short-term, I only know that I need to buy at 1.60 to consider it a win. --- So you mean it has to fall further, then I'll just keep sleeping and wait. --- After the rebound, it still crashes again. I'm tired of this routine... but 1.60 is really attractive. --- A triple bottom sounds like a story, but in reality, it still depends on whether 1.60 can hold steady. --- Alright, I believe you. Then just let it drop another wave; my U is still waiting.
View OriginalReply0
LiquidationWatchervip
· 01-05 08:57
Short-term rebound looks nice, but don't forget the $1.60 level; that feels like the real critical point. Waiting for it, a wave at 1.6 to get on board. The triple bottom is indeed resilient, but a rebound ≠ bottom; this needs to be thought through. $2.30 doesn't seem far, but I'm more concerned about whether 1.6 can hold. To be honest, it's still too early to call this a rebound; let's wait until the mid- to long-term cycle test is over. Long-term holders, get ready—1.6 might be a good opportunity to buy.
View OriginalReply0
ContractBugHuntervip
· 01-05 08:56
Triple bottom is good, but I will only seriously consider buying in when it actually reaches 1.60.
View OriginalReply0
DogeBachelorvip
· 01-05 08:54
Is the triple bottom really that reliable? It feels like someone always calls this out every time. The ones who entered at 1.60 are the real winners. Let's just keep waiting. This rebound might just be paving the way for a plunge later. Be careful not to get trapped. XRP is still messing around, feels endless... Truly exhausting. I'll go all in when it drops to 1.6. For now, hold and do nothing. Any short-term rise is pointless; it depends on whether it can stay above 1.6. If you ask me, the probability of continuing to test the bottom is actually higher. Might as well treat it as free additional positions. 2.3? Let's see if it can break 1.8 first. Same old theory. Last time I said that about XRP, it still fell through. My belief is at 1.6. If it breaks, I'll leave.
View OriginalReply0
LightningClickervip
· 01-05 08:46
Triple bottom looks good, but I still think the 1.60 level needs to be broken through.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)