Recently, the 1-hour Candlestick trend of XRP has attracted attention, let's delve into the logic behind it.

From a technical perspective, XRP is currently fluctuating near the key support level of 2.8880, with further support at 2.8615 below, while 2.9130 above constitutes resistance. The chart shows a critical junction where the bulls and bears are fiercely competing, and the intertwining of the green and yellow trend lines highlights this.

Recently, the cryptocurrency market has been experiencing frequent dynamics in terms of news. Policy changes and overall market sentiment have impacted XRP. Positive news may drive the price to break above resistance, while negative news could lead to a price drop below support.

Currently, XRP seems to be in a consolidation phase. The MACD indicator shows some fluctuations but has not yet provided a clear signal. Considering the uncertainty in the news, there are various possibilities for future price movements. If it breaks through the resistance level of 2.9130, it may trigger a new round of increases; if it falls below the support level of 2.8615, caution should be exercised regarding the risk of a pullback.

For investors, it is not advisable to act blindly at this time. Those who already hold positions should closely monitor key price levels and set reasonable stop-loss and take-profit points. Those who have not entered the market can patiently wait until the price clearly breaks through resistance or support levels before making a decision. In the unpredictable cryptocurrency market, maintaining rationality and patience is crucial.

Whether you are an experienced trader or a novice investor, you should approach this wave of XRP's market with caution. Stay calm and analyze rationally to remain undefeated in the market. Remember, in this field, there are no absolute experts, only participants who continuously learn and adapt.