Yesterday's review (May 30)
XRP continued to weaken under the pressure of multiple moving averages yesterday, with bears dominating the rhythm, hitting a daily low of 2.126 USDT, approaching strong support zone. After a violent spike, it quickly rebounded, showing strong buying willingness below, while bearish momentum is clearly exhausted.
Multi-cycle technical analysis (as of May 31, 2025)
One-hour line analysis (short-term rhythm)
The price quickly spiked back after breaking the lower Bollinger Band and is currently fluctuating in the range of 2.12~2.22.
EMA moving averages are in a bearish arrangement, but the price has clearly deviated from the moving averages, showing momentum for a short-term pullback to 5EMA (2.19) or even 10EMA (2.22).
The K-line shows a typical 'bottom-fishing doji + bullish engulfing,' indicating rebound expectations.
Conclusion: Short-term rebound expected to 2.22~2.25 area, initiating technical recovery.
Four-hour line analysis (swing level)
The moving averages are in a bearish arrangement, but the divergence angle is narrowing, indicating a slowdown in the bearish trend.
The lower Bollinger Band was severely pierced but quickly pulled back, and the K-line has formed the initial shape of a 'morning star.'
RSI is in the seriously oversold area below 25, and the MACD's downward momentum bars are slowing down, indicating signs of a golden cross formation.
Conclusion: Mid-term rebound space of 200-300 points is available, with targets looking towards 2.32-2.35.
Daily line level analysis (trend direction)
Multiple moving averages press down, overall bearish, but after a large bearish day yesterday, today's pin bar rebound indicates an initial stop-loss signal.
The Bollinger Band has opened severely, and after piercing the lower band, it quickly pulled back, raising suspicion of a 'false breakdown.'
Capital indicators show that bullish capital is flowing back in the late session, with signs of low-level accumulation.
Conclusion: If it stabilizes at 2.15 during the day, the daily level may welcome a three-day bullish rebound.
Operational suggestion (mainly bullish)
Project Suggested price level (USDT)
Opening position: 2.11
First Zhi Ying: 2.14
Second Zhi Ying: 2.17
Zhi Loss position: 2.08
