XRP Midday Thought
From the 1-hour perspective, the XRP price is running below the middle track, failing multiple attempts to break through, and the middle track has become a short-term resistance level. The MACD has crossed into a bearish trend and continues to show weakness, with green bars increasing in size, indicating a bearish momentum. Trading volume has shrunk, with low volume during the rise and increased volume during the decline, signaling a retreat of bulls. Additionally, a clear top has formed around 2.25, and the subsequent rebound has been suppressed below the middle track, indicating a downward rhythm has entered the structure.
I personally suggest entering at 2.20-2.25, targeting a drop to 2.14-2.1, breaking below to 2.0, and a long-term view of 1.8!
