1. Current overview (May 25)
XRP is currently priced at 2.31. From the combination of the hourly and 4-hour charts, after reaching the high of 2.4798 on May 23, the market has continued to weaken and is now oscillating between the middle and lower Bollinger Bands. The Bollinger Bands are slightly opening, and short-term volatility is increasing. The MACD and moving average system have started to align bearishly, with clear pressure from the short cycle EMA, indicating an overall weak trend.
2. Technical structure analysis
Hourly chart (first chart) highlights:
Running between the middle and lower Bollinger Bands, the short-cycle moving averages such as MA5/10/20 are all bending downwards, and the K-line is basically suppressed below the EMA system, with weak rebound momentum;
The SAR point indicator has turned bearish, continuously moving downwards and suppressing, indicating that it is still in a resistance structure for rebounds in the short term;
2.3069 is currently the short-term support. If it fails to hold, it is very likely to continue searching for the next risk control zone.
4-hour chart (second chart) highlights:
Formally confirmed the top at 2.6550 and gradually weakened; after the second rise to 2.4798 failed, it fell again;
Currently running between the middle and lower bands, the last three K-line bodies are bearish, and the trading volume has not increased, maintaining a downward trend with low volume;
2.3082 has been repeatedly confirmed as a support zone, but the price is now close to the critical edge. If it breaks down, space below will open up.
3. Trading strategy (focus on short-term trading)
Predicted direction: weak oscillation downwards, it is recommended to participate cautiously in the steering direction, focusing on short positions.
Current price: 2.3100
First take profit level: 2.285
Second take profit level: 2.260
Take loss level: 2.352
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