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XRP turned around overnight, surpassing BNB, with 33 billion in funds launching a market explosion.


##XRP
In just six hours, the cryptocurrency market experienced an astonishing turnaround of $33 billion. XRP surged to become the fourth largest cryptocurrency with a daily increase of 11%, reaching a market cap of $15.22 billion, narrowly surpassing BNB's $15.04 billion.
The core driving force behind this rebound comes from the frantic short covering. BTC holds the key support at $108,000 and is currently fluctuating around $110,700. ETH is performing stronger, rising to $3,850 and is expected to challenge the psychological barrier of $4,000.
For short-term traders, now is a critical moment. BTC can be accumulated for long positions around 109,500, with a stop-loss set below 108,000. ETH can be lightly entered above 3,800, targeting the liquidation zone at 4,044. The risk of chasing XRP is high, and it is recommended to consider entering after a pullback to $2.40. #加密市场观察
XRP-0.97%
BNB-2.65%
BTC-1.44%
ETH-2.7%
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GateUser-f24799e2vip
· 11-03 09:18
1000x Vibes 🤑
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