1. Yesterday's Trend Review
From the 4-hour candlestick chart, it can be seen that XRP's price has recently shown an overall trend of oscillating downward, with the price gradually retreating from the high of 2.9 to the current area of 2.35. Yesterday, the price attempted to break through the resistance at 2.40, but the momentum was insufficient, followed by a retreat, indicating weak bullish strength and dominant bearish control.
2. Technical Indicator Analysis
Moving Average System (MA): MA7 (short-term moving average) and MA30 (medium-term moving average) form a death cross, and the current price is also running below the moving average system, indicating strong bearish pressure in the short term; MA100 (long-term moving average) provides some support around 2.27, but the overall trend is weak.
Bollinger Bands (BOLL): The price oscillates below the middle band of the Bollinger Bands, and the Bollinger Bands channel is slightly narrowing, indicating that the price may continue to oscillate downward in the short term.
MACD Indicator: MACD is operating below the zero axis, with DIF and DEA tending to converge, slowing down the bearish trend, but there are no obvious reversal signals.
RSI Indicator: RSI value is close to 40, indicating that the price is in a weak zone but has not yet entered the oversold range, leaving further downside potential.
3. Today's Trend Prediction
Based on technical analysis, XRP has a high probability of continuing to probe lower today. The upper resistance is in the 2.40-2.45 area, while the lower support is in the 2.25-2.20 range. If bearish momentum continues to strengthen, it may test the key support level of 2.20.
4. Today's Operation Suggestions
Direction: Short
Opening Position: 2.35-2.37
First Take Profit Level: 2.30
Second Take Profit Level: 2.25
Stop-Loss Level: 2.42 (previous high resistance level)
5. Risk Warning
Rebound Risk at Support Levels: 2.30 and 2.25 are key support levels in the recent period; if bearish momentum is insufficient, the price may rebound at these levels.
Market Sentiment Change Risk: If overall market sentiment warms up, it may drive XRP prices to briefly rebound and break through 2.40.
6. Comprehensive Summary
The overall trend of XRP is currently weak, and the technical analysis shows a high probability of downward movement. Caution is necessary, and positions should be gradually entered into shorts after confirming effective resistance while strictly controlling risk to ensure reasonable position management.
XRP's downward pressure persists; precise entry and strict stop-loss are necessary to ensure profit! Follow me for real-time strategy updates, allowing you to maneuver through a volatile market with ease!
