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The overall price of XRP shows a volatile downward trend. It has fallen from a high of 2.9 to the current 2.35 area, indicating that the seller's power is dominant in the short term. Yesterday, XRP tried to break through the 2.40 first-line pressure level, but due to insufficient momentum, it failed to successfully break through and fell back, further confirming the market pattern of weak bulls and bears.
From a technical perspective, MA7 and MA30 form a dead cross, and the price is currently running below the moving average system, suggesting that the short-term strength is strong. MA100 is located near 2.27 to provide some support, but the overall trend is still weak.
In terms of Bollinger Bands, the price is below the middle track, and the Bollinger Band channel is narrowing. It may still maintain a volatile downward pattern in the short term. The MACD indicator shows that DIF and DEA tend to stick together, and the short-term momentum has weakened, but there has been no obvious reversal signal. RSI is close to 40, still in a weak area, and has not entered the oversold area, suggesting that there is still room for further decline.
In general, XRP's short-term trend is weak. Follow Jiaoshou to interpret the market dynamics in depth and capture the next wave of market trends together!
