XRP Strategy Analysis | 7.22 Afternoon

XRP is currently trading around 3.46. On the hourly chart, it has just bounced off the lower Bollinger Band around 3.43 and stabilized, showing signs of a small-scale stop decline.

In the short term, the previous high of 3.65 has not been effectively broken, leading to a pullback. The current MACD maintains a death cross downtrend, and bearish momentum has not yet been fully released. However, the price is close to the previous support area, and the downside space is expected to be limited, with a possible rebound at any time in the short term.

Trading suggestion:

Try long positions around 3.43-3.45, targeting 3.53 and 3.60, with a stop loss below 3.40. This level is the previous platform consolidation area and also the support zone of the lower Bollinger Band. If it holds here, there is a chance to challenge above 3.60 again. $XRP #山寨季來了？ #加密立法新纪元