The price of $XRP XRP is $2.3948, up 2.60% in 24 hours. The price rebounded from the low of $2.0778 on April 24, breaking through multiple moving averages (MA7: 2.3735, MA14: 2.3618, MA28: 2.2160) and standing above the pressure level of $2.2536, indicating a short-term bullish trend. The trading volume (VOL: 1.42M) increased slightly, MACD flattened (0.000), and KDJ (86.663) entered the overbought zone. There may be correction pressure in the short term. The support level is at $2.2536 and the resistance level is around $2.4294.

Short-term analysis shows that XRP is in an upward channel, but the KDJ overbought signal indicates short-term risks. Investors are advised to buy low when the price falls back to the support level of $2.2536. If it breaks through $2.4294, they can be bullish, with the target at $2.5 and the stop loss set below $2.2. If trading volume continues to increase, the bullish trend is expected to continue; if volume shrinks, we need to be wary of a pullback. Recent discussions on X are optimistic, mentioning that the progress of Ripple's lawsuit and institutional adoption may be beneficial to prices, but attention should be paid to market fluctuations and regulatory news.

Warning: The cryptocurrency market is extremely volatile, and prices may be affected by unexpected events, regulatory policies or market sentiment, posing great risks. The above analysis is for reference only and does not constitute investment advice. Investors should make prudent decisions based on their own risk tolerance and manage their funds well. They should not blindly chase high prices or invest funds beyond their tolerance.

Summary: XRP is bullish in the short term but needs to be guarded against pullbacks. The low buying target is $2.5, and the stop loss is $2.2. Operate with caution.