Technical Analysis Overview

Daily Level: The downward main rhythm is clear, has the top formation completed?

Structural Trend: Since mid-May, there has been a gradual decline from the high, forming a complete 'round top' structure. Currently, it has dropped below the neckline, confirming weakness.

BOLL Indicator: The middle track of the Bollinger Bands is effectively suppressing, with the current price operating below the middle track area. The Bollinger Bands are slightly converging, but there is further space for the lower track to open up.

Moving Average System: MA5 and MA10 have crossed negatively, showing a typical 'bearish arrangement'; MA20 is also gradually turning down, with significant downward pressure in the trend.

Four-hour Level: Weak rebound in volatility, signaling loss of control for bulls.

Structural Judgment: The K-line rebound highs continue to decline, and the lows are gradually approaching previous support, forming a converging wedge bottom testing breakout situation.

Bollinger Bands Status: The middle track has repeatedly suppressed without breaking, with the price currently close to the lower track, showing weak short-term recovery momentum.

One-hour Level: Short-term top formation seems to be confirmed, approaching the critical point breakdown.

Morphological Analysis: The repeated attempts to rise in the 2.18~2.20 range have failed to stabilize, forming a local head and shoulders pattern, with the neckline support located around 2.14.

Moving Average System: MA5 and MA10 are glued downwards, with the price consistently operating below the medium and short-term moving averages.

Point Layout

Open Position Around 2.166

First Take-Profit Level 2.123

Second Take-Profit Level 2.100

Stop-loss Level 2.220


The current trend of XRP is clearly bearish, with both short-term and medium-term patterns signaling weakness. If it cannot effectively stabilize above 2.18~2.20, it is highly likely to enter a new round of correction, with a short-term target of the 2.10 area having a high probability of realization. In conjunction with a 75x leveraged short strategy, it is essential to control risks and strictly implement stop-loss and take-profit measures, ensuring that operations are well-founded and reasoned.#XRP #DOGE #TRUMP #ETH #AAVE $AAVE $XRP $ETH