Yesterday's review (June 1)
XRP's performance yesterday was oscillating and strong, trading in the range of 2.07-2.18 throughout the day, with a slight rise at the end but failing to effectively hold the 2.18 pressure. Overall, the bulls are beginning to attempt to build a bottom, but the overhead moving average pressure is obvious, and insufficient volume becomes a shortcoming.
Multi-period technical analysis (June 2, 2025)
🗓 Daily level: End of decline? Bottom structure is beginning to appear!
XRP's daily K-line has consecutively formed small bullish lines to stop the decline, although there was a high and low fluctuation today, it still holds the key support;
The BOLL channel is opening downwards, with the lower support at 2.07, yesterday's lowest retracement was at this point;
The EMA system shows a bearish arrangement, but the price has tested the bottom multiple times without breaking;
MACD is at a low level, green bars continue to shorten, and the downward momentum has significantly weakened;
RSI is around 35, entering the edge of the oversold range, with a rebound repair expectation.
Conclusion: The daily line enters the bearish exhaustion stage, and the probability of forming a W bottom or oscillating bottom in the short term has greatly increased.
Four-hour chart: Weak bullish structure is emerging, key nodes are in contention
Currently running between the middle and upper bands of BOLL, indicating that the short-term has shifted to a strong oscillating pattern;
EMA7 golden cross EMA20, short-term trend has some recovery, but facing strong pressure from EMA50 (2.19);
The attempt to break 2.18 last night failed, and this morning's retracement showed limited decline, indicating the bears' counterattack is weak;
MACD formed a golden cross and maintained oscillation, the green bars have not re-expanded, the trend is slightly bullish;
The candlestick combination shows a platform consolidation pattern, indicating that the main force is accumulating.
Conclusion: The four-hour chart enters a consolidating upper range, if it breaks 2.20 with volume, it will open the upward channel.
One-hour chart: Short-term retracement confirms support
Today's high and low fluctuations are normal wash actions, the support zone of 2.14-2.15 has repeatedly stopped the decline;
EMA20 remains effective support, MACD double lines are parallel and have not crossed;
BOLL bands are tightening, prices are running between the middle and lower bands, maintaining the oscillating structure;
RSI is slightly oscillating around 45, not entering the weak zone, with a possibility of repeated oscillation upwards.
Conclusion: After short-term washouts, there is still rebound momentum, key support has not been broken, operations should focus on low absorption opportunities.
[XRP Operation Suggestions | June 2 Strategy]
Type Point (USDT) Technical Basis
Opening position: 2.15
First support level: 2.19
Second support level: 2.22
Loss position: 2.12
