From the chart, we can see that XRP quickly rebounded to 2.3288 after hitting a low of 2.0576 on June 6, followed by a consolidation phase. It is currently maintaining a narrow range around 2.28. The middle Bollinger band and multiple moving averages provide strong support. Analyzing the 4-hour chart, today's movement is of critical significance:
1. K-Line Structure Breakdown
1. Short-term moving averages are still arranged in a bullish manner
EMA5, EMA10, and MA10 show bullish divergence, indicating that the bulls still dominate the pace;
The price has repeatedly found support at EMA10 (currently around 2.2880); a pullback is just an opportunity to add positions.
2. SAR is still below
The current SAR point is near 2.3126, the bullish structure is maintained.
3. Bollinger Band Observation
The upper resistance is around 2.3120, and the middle support is 2.2526, currently located in the upper part of the range;
Once it stabilizes above 2.30 with volume, it is expected to challenge the new high area.
Current Price: 2.285
First Support Level: 2.260
Second Support Level: 2.228
Stop Loss Level: 2.199
