The current XRP price has fallen to around 2.08, and after the plunge, the market is anxious, but often 'opportunities are hidden in despair'. Combined with chart technical structure, XRP is releasing multiple rebound signals. Does this indicate that the bottom has appeared? We will conduct an in-depth analysis from the daily, four-hour, and one-hour perspectives to help you find direction amidst the chaos.
1. Daily line analysis: Key support game under the larger structure.
The daily line has fallen for two consecutive days, with a drop of over 8%, returning to the support zone of the lower Bollinger Band (2.07~2.05).
Trading volume has significantly increased, which may be a panic clearance rather than a trend collapse.
Although the daily trend is weak, the support zone has strong rebound potential and is in the 'panic washing' phase.
2. Four-hour line analysis: Strong demand for repair after intense release.
The four-hour line has seen four consecutive large bearish candles breaking through the middle and lower bands, penetrating structural support.
The price is currently operating outside the lower Bollinger Band, showing strong demand for deviation repair.
Conclusion: The oversold structure is obvious, and it is expected to stabilize around 2.07~2.05, indicating that the short-term rebound window has opened.
3. Hourly line analysis: Entry signals are becoming clearer.
The price plummeted from 2.18 to around 2.08 within 2 hours, releasing the limit of the sell-off.
The current K-line combination is forming a **'low volume consolidation + bottom TD9 structure'**, which is an important reference for short-term buying signals.
The trading volume shows signs of increasing and then decreasing, and the strength of the bears is being overdrawn.
Conclusion: From the hourly level, the bears are about to exhaust, and this is an ideal time window for positioning long for a rebound.
Opening position 2.080
First take profit level 2.117
Second take profit level 2.138
Stop loss level 2.034
Opportunities often appear after extreme sell-offs!
