$XRP 1. Current trend:
• The price is at 2.0868, down -1.40%.
• Previously, there was a strong bounce from the area of 2.0372 to the peak of 2.1401 but was strongly rejected.
• It is currently recovering slightly, testing the EMA areas again.
2. EMA lines (moving averages):
• EMA(7) = 2.0857 (yellow)
• EMA(25) = 2.0916 (pink)
• EMA(99) = 2.0871 (purple)
=> Remarks:
• The price is below EMA(25) but is crossing up EMA(7) and is close to EMA(99).
• This indicates that the price is in a slight recovery phase but the upward trend is not yet clear. A strong breakout above EMA(25) is needed to confirm a short-term recovery.
3. Trading volume:
• There is a large volume bar at the peak of 2.1401 indicating significant profit-taking pressure.
• The current volume is gradually decreasing, reflecting market hesitation.
4. RSI indicator:
• RSI(6) = 49.20
• RSI(12) = 47.76
• RSI(24) = 49.20
=> Remarks:
• All RSI indicators are fluctuating around the neutral level (50), with no signs of overbought or oversold.
• RSI(6) shows a slight rebound from the low area => indicating short-term buying pressure, but it is still weak.
5. Long / Short ratio (not directly shown in the image but inferred from price behavior):
• The push up to 2.1401 followed by a strong pullback indicates a potential Long trap — many long positions are caught in the high area.
• The price is currently being held down at the EMA area and has not surpassed EMA(25) => Short is still in light control.
6. Short-term strategy:
• Short-term trend: Sideways – technical recovery, unclear whether to rise or fall.
• If you are caught in a long position at a high level (like 2.27), you should:
• Monitor the area of 2.10 - 2.12 if the price returns to test.
• If it cannot break through, consider cutting losses to reduce funding and margin call risks.
• If it breaks 2.12 with strong volume, you can expect a rebound to 2.20+.