1.24 Afternoon Analysis From the current pattern, after continuous upward probing, market momentum has clearly entered a slowdown phase. The resistance zone above has been repeatedly tested, and the difficulty of short-term breakthroughs is steadily increasing. As the weekend approaches, trading sentiment generally becomes cautious, and both bulls and bears may enter a tug-of-war consolidation. It is recommended to adopt a range-bound approach, focusing on swing trading opportunities within the interval, maintaining patience, and avoiding excessive chasing. Tactically, short positions can still be arranged at resistance levels, with attention to quick entries and exits, and controlling position size and pace. Trading Suggestions Short near 90200-90700 on rebound, with targets down to 89200-88500. #GateWeb3正式升级为GateDEX #特朗普取消对欧关税威胁

XRP is currently consolidating within a wide range, and its pattern is similar to the pre-previous bull market phase, just with a longer duration. Analysts believe that this extended accumulation phase may indicate a stronger breakout, with $11 considered the first major breakout target. As long as XRP can hold above the range support level, the current market structure will remain neutral to bullish; only a breakdown of this support level will overturn the current trend. #GateDEX