🧭【Market Overview】
Recently, XRP rebounded quickly after touching the middle track and fell back, failing to stabilize at a high position. The current price has broken below the short-term support line, returning to below the middle track of the Bollinger Bands, and the short-term sentiment has weakened again. Combining multi-period analysis, the market is likely to continue to decline, and the bears have regained control.
🔍【Daily Analysis: Clear Pressure, Bearish Signals Gradually Released】
The candlestick has formed two long upper shadow bearish lines, indicating heavy selling pressure above;
The middle track of the Bollinger Bands has encountered pressure and retreated, with the price running again below the middle track;
MACD fast and slow lines are about to dead cross, green bars appear, and momentum begins to turn bearish;
The MA moving average system is overall in a bearish arrangement, and the short-term rebound structure is weakening.
📌Conclusion: The medium-term structure remains weak, and without volume pushing upwards, further testing of the lower support is likely.
🔍【Four-Hour Analysis: Pullback Encountered Resistance, Key Support Broken】
In the four-hour chart, the price has broken below the middle track support of the Bollinger Bands;
Multiple attempts to break above 2.42 have failed, forming a double top pattern;
MACD dead cross is descending, and bearish momentum continues to strengthen;
The upper 60 moving average pressure is obvious, the trend returns to the downward track.
📌Conclusion: The rebound has not broken the key pressure, and the short-term trend has shifted from bullish to bearish.
🔍【One-Hour Analysis: Short-term Downtrend Continues, Weak Pullback Difficult to Change Bearish Pattern】
The Bollinger Bands are slightly open, and the price is running along the lower track;
Short-term moving averages dead cross suppress price movement upwards, the rhythm is bearish;
MACD turns from red to green, momentum continues to be released;
Volume continues to shrink, indicating a lack of confidence from funds.
📌Conclusion: Weak rebound, strong decline, the bearish trend has not changed.
🎯【Operational Strategy Suggestions】
Current Direction: Bearish (Weak Oscillation)
Operational Strategy:
Opening Range: 2.36-2.37
First Zhi Ying Position: 2.33
Second Zhi Ying Position: 2.29
Zhi Sun Position: 2.41
📌Supplementary Suggestions:
If the price does not break 2.33 and shows volume stabilization, consider taking profits; if it breaks down, you may try to continue holding short positions, but be cautious about position control and avoid heavy aggressive shorting.
📢【Summary】
XRP is currently performing weaker than mainstream currencies, falling back again after a failed rebound, and the bears are once again in control. The multi-period structure has clearly turned bearish, and prices may test previous low support areas. If this round of decline sees increased trading volume, breaking below 2.33 will open up further downward space.
