Trend Analysis: Technical Data Support
1. Daily Level Observation
Moving Average System (MA): The 7-day moving average (MA7) is currently at 2.28, and the 30-day moving average (MA30) is at 2.25. Yesterday's K-line closed below the 7-day moving average support, indicating strong short-term bearish market forces and a weak short-term trend.
Long-term Moving Average Pressure (MA100): The 100-day moving average is at 2.33, forming a strong resistance area above.
K-line Pattern: Yesterday's K-line had a long upper shadow (high point 2.34), indicating weakness in the bullish attack and increased bearish strength. If it breaks below the support level of 2.25 today, it may trigger further adjustments.
MACD Indicator:
The DIF and DEA are operating below the zero axis, and the current adhesive state shows that bearish strength has weakened.
Bearish momentum bars are shortening, indicating a demand for market rebound, but the rebound space is limited and no obvious reversal signal has formed yet.
Technical Indicator Support
1. ATR Indicator (Volatility):
The current ATR value is 0.037, indicating that XRP's intraday volatility remains within the range of 300-500 points. In a short-term oscillation pattern, the upper and lower bands of the Bollinger Bands become key support and resistance areas.
2. Trading Volume Observation:
Yesterday's trading volume decreased, reflecting a reduced willingness to trade between bulls and bears, which may lead to a market reversal. If today's price drops below 2.25, bearish sentiment may be further released, triggering a larger adjustment.
3. KDJ Indicator:
The K value and D value are around 40, currently showing a bearish tendency, but the J value (22) is close to the oversold area, indicating a potential technical rebound demand in the short term, and the effectiveness of the 2.25 support needs to be monitored.
2. 4-hour Level Observation
Moving Average System (MA): The short-term price is running below the 30-hour moving average (MA30: 2.29), with significant pressure above, and MA30 and MA100 forming a bearish arrangement, indicating a clear short-term downward trend.
Bollinger Bands: The price is blocked near the middle track of the Bollinger Bands (2.29), with multiple failed attempts to break through; the lower track support level (2.26) has become a key area for bulls and bears. The contraction of the Bollinger Bands indicates that short-term oscillations are intensifying, with a possibility of a market reversal.
RSI Indicator: The current RSI value is 45, in a neutral and slightly weak range, indicating that short-term bearish forces are slightly dominant, but close to the oversold range, requiring caution for a potential technical rebound.
Trading Volume: Yesterday's trading volume was low, indicating cautious market sentiment. If today's price drops below 2.25, bearish sentiment may be further released.
Today's Operating Recommendations
Short Selling Strategy
Entry Range: 2.29 - 2.31
First Take Profit Level: 2.27
Second Take Profit Level: 2.25
Stop Loss Level: 2.33
Bearish operations as the main strategy: Yesterday, the bulls were weak, and the upper shadow line and the breakdown of the 7-day moving average indicate that the short-term market is still bearish. Today, attention should be paid to whether the 2.25 support is effective. If this point is broken, it may further probe down to 2.22.
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