Multi-Timeframe Technical Analysis: The market is brewing a breakout, the timing for positioning has arrived!
Hourly chart analysis: XRP formed a clear bottoming oscillation structure during the intraday session on May 21, and subsequently broke through the upper boundary of the range, indicating a strong short-term structure.
Currently, the price retraces but does not break below the 2.35 level, attacking again, the short-term moving averages (MA7, MA30) have converged and are turning upwards, with the K-line steadily rising above the moving averages.
Four-hour chart analysis: The overall structure of XRP presents a 'rounded bottom + ascending channel' pattern, with MACD golden crossing near the 0 axis and red bars gradually expanding.
Currently operating above MA30, the trading volume is gradually recovering, indicating that the market is brewing a new round of breakout.
Daily chart analysis: XRP has steadily risen from the low of 2.08 in early May, with the overall trend line forming a stable upward rhythm.
On the daily chart, after the price pulled back from the high of 2.655, it successfully held the key support at 2.30, currently forming a typical 'pullback confirmation + restart attack' pattern.
Opening Position 2.4077
First Take Profit Level 2.443
Second Take Profit Level 2.467
Stop Loss Level 2.359
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