Brothers, XRP/USDT 4-Hour Line Update:

Current price $2.2999, 24-hour increase 4.17%, trading volume 1.208 billion USDT, with good volume coordination.

Technical Analysis

• MACD Indicator: Just crossed golden, DIF and DEA are near the zero axis, short-term momentum is slightly bullish.

• RSI Indicator: Value is 39.44, in the mid-low range, not much overselling risk, but no strong rebound signal seen.

• Moving Averages: The 5-day moving average at 2.2908 has just crossed above the 10-day moving average at 2.3048, indicating short-term bullish dominance.

Support and Resistance Levels

• Support Levels:

◦ $2.19 (recent low support).

◦ $2.25 (strong support near the 5-day moving average).

• Resistance Levels:

◦ $2.35 (10-day moving average resistance).

◦ $2.45 (previous high resistance).

Personal Opinion

Currently, a bullish trend is starting to appear, with good volume and price coordination. The MACD golden cross is a signal, but the weak RSI indicates that the upward momentum needs further confirmation. I am optimistic about a short-term rebound, suggesting to enter around the low of $2.20 - $2.25, with a target range of $2.35 - $2.45. However, if it falls below $2.19, bears may counterattack, so be cautious about stop-loss. In the coming week, a volatile upward trend is expected, with an overall bullish trend, but attention should be paid to whether the trading volume continues to expand.

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