《Surprise! The XRP Price Roller Coaster, How to Achieve Steady Profits?》
————The Rebound Begins, Breakthrough is Key————
XRP rebounded from $1.90, with signals indicating a potential breakthrough of the $2.250 mark. Previously, it fell from $2.200, with the current price below $2.1850 and the 100-hour SMA. The hourly XRP/USD chart shows that the resistance of the short-term upward channel is near $2.250, and if this level is broken, the pair may rise. Earlier, XRP did not break through $2.20 and subsequently fell below the support levels of $2.120 and $2.050. The bears pushed it below $2.00, after which the price rebounded from the low of $1.90, breaking through the resistance at $1.980 and $2.00, also surpassing the 50% Fibonacci retracement level of the downward wave. However, the current price is still below $2.1850 and the 100-hour SMA, with resistance at $2.250 above.
————Many Resistances, Difficult to Rise————
$2.250 is the 76.4% Fibonacci retracement level of the downward wave, $2.350 is the first significant resistance, and the next resistance level is $2.420. If it breaks through $2.420, the price is expected to rise above $2.450, with further increases possibly reaching $2.50 or $2.550, and subsequent bulls may encounter resistance at $2.650.
————High Downward Risk, Pay Attention to Support Levels————
If XRP cannot break through $2.250, it is likely to fall again. $2.150 is the first downward support, and $2.120 is the key support. If the closing price is below $2.120, the price may be pushed below $2.050, with $2.00 being the next important support.
————Technical Indicators Show————
The hourly MACD for XRP/USD is falling into the negative zone, and the hourly RSI is above 50. Currently, the main support levels for XRP are $2.120 and $2.050, while the main resistance levels are $2.250 and $2.350. The market's bull-bear battle is complex, and the price trend of XRP is full of variables, requiring investors to pay close attention.
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