XRP Intraday Market Bold Analysis and Forecast

Market

XRP's spot price is **$1.1090**. In the past 24 hours, XRP's highest price was **$1.1250**, and the lowest price was **$1.0950**, with a trading volume of approximately 470 million coins. The current price is fluctuating within a range, with a heavy wait-and-see sentiment in the market, but the trading volume remains relatively stable, indicating that technical fluctuations are still dominant in the short term.

Technical Analysis and Key Levels

The support and resistance levels for XRP in the short term are quite clear:

• Support Level: $1.0950 is a key short-term support. If it breaks, it may further retrace to **$1.0800**.

• Resistance Level: $1.1250 is an important resistance above. If it breaks, it may further rise to **$1.1400**.

From the 4-hour chart, XRP is fluctuating near the 20-day moving average, the MACD momentum bars are weakening, and the power between bulls and bears is alternating significantly. The RSI indicator is around 45, showing a cautious market sentiment. The Bollinger Bands are narrowing, indicating that a breakout may occur in the short term.

Short-term Contract Strategy

1. Long Strategy

• Entry Point: When the price retraces to the **$1.1000-$1.1050** range, consider opening a long position.

• Stop Loss: Set the stop loss at **$1.0900** to prevent further retracement if the price breaks the support.

• Target Price: The target price is **$1.1200-$1.1250**. If it breaks, further look towards **$1.1400**.

• Leverage Recommendation: It is recommended to use 5-8 times leverage to moderately amplify returns while strictly managing risk with stop losses.

2. Short Strategy

• Entry Point: If the price rebounds to the **$1.1200-$1.1250** range, consider opening a short position.

• Stop Loss: Set the stop loss at **$1.1300** to prevent the price from rising further after breaking resistance.

• Target Price: The target price is **$1.1050-$1.1000**. If it breaks, further look towards **$1.0950**.

• Leverage Recommendation: It is recommended to use 3-5 times leverage to moderately control potential risks during fluctuations.

Summary

XRP may maintain a fluctuating consolidation trend in the short term. A breakout above $1.1250 is expected to advance towards $1.1400, while a drop below $1.0950 may open downside space to $1.0800. Investors can flexibly use long and short strategies to seize opportunities in range fluctuations and strictly execute take-profit and stop-loss strategies. $XRP