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Recently, XRP's performance has indeed attracted a lot of attention. From 1.8680 to 2.0386, the increase is evident, but after this wave of market movement, many people are eager to buy in. At this point, it's better to stay calm.
To put it metaphorically, XRP's current state is like an athlete after a 100-meter sprint—breathless and flushed. Continuing to accelerate? That's like hitting a wall. This is a typical sign of overbought conditions. What does overbought mean? Excessive concentration of buying pressure, with the price deviating significantly from the fundamentals, just like overpriced vegetables being snapped up wildly at the market—eventually, it will return to rational pricing. XRP is currently in this state, especially with clear signals from the technical analysis.
From the trend perspective, after this rapid surge, XRP has entered a narrow consolidation pattern. The most noteworthy are the recent hourly candles—forming a quite typical "孕线" (harbinger) structure. The large bullish candle before is the "mother," followed by smaller candles that are the "baby." What does this pattern indicate? The upward momentum has clearly weakened, and the bulls and bears are re-engaging in a tug-of-war.
Don't be fooled by the previous successful break above the key resistance at 1.9160; breaking through does not mean stabilization. The biggest test after a breakout is whether the market can absorb the shift in chips caused by the breakout. This requires time and patience. Recklessly chasing the high is the real risk.