1. Review of yesterday’s behavior
Yesterday's performance:
XRP showed an overall low-level volatile rebound trend yesterday, rebounding from a low of 1.90 to around 2.40, indicating that the bullish force has recovered to a certain extent, but the rebound strength is still enough to break through higher resistance.
Market background:
The overall market performance is poor, XRP fluctuates with the market, and is still in the repair stage of the downward trend.
2. Technical Analysis
1. Moving average system analysis
Forming a short-term moving average (7MA): Currently at 2.40, short-term support
The middle moving average (30MA): located at 2.37, which is the current important reference support
Long-term moving average (100MA): Currently at 2.38, with increasing pressure from above
2. Support and Boundary
The first support: 2.35, a key short-term position.
The second support: 2.20. If it falls below this level, the downside risk will be serious.
The first resistance: 2.45, the target of short-term shock rebound.
The second resistance: 2.60. If it can break through, the market may have an exciting turnaround.
3. MACD and RSI indicators
MACD indicator: the double lines are close to the zero axis, the green column is one week, and there is a golden cross in the short term, but the momentum is not strong.
RSI indicator: Located near the neutral area of 50, it shows that XRP is currently in a direction selection stage.
4. Trading volume analysis
The trading volume increased slightly yesterday, but it met the requirements for a large-volume breakthrough. If XRP can get support in the 2.35-2.37 range and successfully stand at 2.40, it is expected to challenge the 2.45 resistance and even try to hit 2.60.
3. Today’s Trading Strategy
Long position opening: Try to open long positions with a light position in the 2.35-2.37 range, aiming to rebound to 2.45 and above
First Zhiying position: 2.45 (short-term resistance)
Second position: 2.60 (continue to hold after breaking through)
Stop loss: 2.30 (avoid downside)
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