From the daily chart perspective, after XRP surged to around 2.36 in early to mid-April, the overall trend entered a downward channel. Currently, the price is running below the MA30 and MA100 moving averages, and a clear death cross has formed, suppressing the price. The MACD momentum bars are showing a continuous shrinking trend, with a dual-line death cross in operation, and the daily bearish trend still dominates the market.
In the four-hour cycle, after XRP fell to 2.11 from a high position, there was a rebound, but it was blocked in the range of 2.23~2.24, and the candlestick pattern formed multiple high retests followed by declines. The moving average system shows that MA30 continues to exert pressure, with MA100 becoming a strong resistance area. The price has repeatedly tested and confirmed support near 2.19, and the overall structure is weak; if it loses this support again, it may accelerate downward.
In the hourly chart, the price has formed a weak horizontal consolidation pattern over the past two days, with MA7, MA30, and MA100 showing a bearish arrangement in the short term, and the rebound highs gradually moving lower. In terms of volume, transactions have significantly shrunk, and buying momentum is lacking. If it breaks below the support level of 2.19 in the short term, the bears may welcome a new round of strength.
2. Today's predicted point (currently around 2.197)
Opening position: short in batches in the range of 2.195~2.200
First take profit level: 2.162
Second take profit level: 2.142
Stop loss level: 2.242
