XRP price candlestick chart (1-hour and 4-hour), combining technical analysis and yesterday's trend to reasonably predict today's market price and strategy recommendations:

  1. Candlestick and moving average analysis:

    • Short-term moving averages (MA5, MA10): Both the MA5 and MA10 moving averages are upward, indicating that the market is in an upward trend in the short term. MA30 has not followed but is showing a following trend.

    • Bollinger Bands (BOLL): The price is near the upper Bollinger Band and has once touched the upper band before pulling back, indicating that there is certain pressure above in the short term. The middle band has a significant support effect.

    • Volume: The trading volume has increased over the past few hours, with an increase accompanied by volume, showing strong market buying.

  2. Support and resistance levels:

    • First support level: 2.4300 (Bollinger Bands middle band and short-term adjustment support)

    • Second support level: 2.4100 (strong support area near yesterday's low)

    • First resistance level: 2.5000 (psychological barrier, current range of Bollinger Bands upper band extension)

    • Second resistance level: 2.5250 (recent local high)

  3. Influence of yesterday's trend:
    Yesterday's price confirmed a breakthrough of the 2.4000 resistance after a continuous rebound and has stabilized, creating a good bullish atmosphere. Therefore, the likelihood of a short-term pullback is low, and the probability of continuing to rise is high.

Operational strategy recommendations

  1. Long position layout:

    • Entry point: Range of 2.4400-2.4500, wait for the price to pull back to near the middle band of the Bollinger Bands before laying out.

    • Take profit target:

      • First take profit level: 2.5000 (short-term target)

      • Second take profit level: 2.5250 (further extension target)

    • Stop loss setting: Below 2.4100, to prevent significant price retracement.

  2. Short position strategy (short-term defensive):

    • If the price fails to break through 2.5000 and shows obvious volume stagnation, consider trying short positions lightly at 2.4900-2.5000.

    • Take profit target: 2.4500 (short-term profit is enough)

    • Stop loss setting: Above 2.5100, strictly control risk.

  • XRP's price is highly volatile in the short term, requiring close attention to market trends and BTC correlation effects.

  • If the price breaks through 2.5250, reassess the space above and do not blindly chase the rise.

Today's XRP market is expected to continue yesterday's strong bullish trend, but be wary of the difficulty in breaking the psychological barrier of 2.5000. It is recommended that investors mainly buy on dips and maintain a flexible risk control strategy.

Will you choose to seize the bullish trend today, or try to reverse in the short term? Let’s discuss your views in the comments.

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