How To Trade The XRP Price In The Short Term After The Massive Crash

XRP's price is experiencing a volatile contraction after a significant drop from recent highs. Traders are uncertain if this downturn signals distribution or a buying opportunity. The price is currently trading within a defined range, influenced by broader macroeconomic pressures. Successful short-term trading hinges on structural analysis and risk management, rather than speculation. Resistance levels are around $1.95-$2.00, while a local supply zone is at $1.67-$1.70. Consistent support near $1.58-$1.60 shows demand in the market. Traders should buy near support with tight stops and sell into resistance, focusing on range-bound strategies. External catalysts like the Epstein case and US fiscal risk significantly impact XRP. Traders need to adjust leverage and positions based on high-risk news events. Range execution, strict risk control, and patience are crucial for navigating XRP's current price action.