XRP's first support level has been reached! (Brothers who are following, share your pictures) This morning I mentioned a short-term corrective move - a spike down followed by a rebound breaking above the 2.089 high (take half of the profits first). Set the support level as the opening position.

Just experienced a round of pin-style downward killing, quickly rebounding after touching the lowest point of 1.9841, currently showing a temporary stop decline signal, and a technical recovery is expected in the short term.
K-line structure analysis

1-hour chart:
The pin low of 1.9841 shows a significant lower shadow, indicating that there is certain buying support below this position;
EMA moving average shows a bearish arrangement, but the price has successfully returned above EMA5, indicating a preliminary confirmation of a short-term stop decline;
SAR reversal point below forms a support level, indicating that signs of a short-term trend reversal are forming;

After the BOLL channel significantly opens, it has initially converged, belonging to a balance stage after an overshoot.
Moving average suppression range: