Current market overview
As of June 13, 2025, the current XRP price is 2.10. Yesterday, the shorts surged and broke through multiple supports, reaching a low of 2.08, with a significant intraday decline. Short-term oversold signals are gradually emerging, and the bulls may be brewing a counterattack.
Daily technical analysis
Trend structure: Yesterday, a medium bearish candle with a long lower shadow was formed, indicating a certain willingness to hold near 2.08.
Moving average system: EMA7, EMA50, and EMA100 are all in a bearish arrangement, but the price is significantly deviating from the short-term averages, indicating a technical rebound demand.
Bollinger Bands: The price has broken through the lower band, and the short-term deviation is too large. A buying zone may form above the lower band at 2.14.
Alligator: The three lines are opening downwards, but the short-term teeth and lips are starting to converge, indicating diminishing momentum.
4-hour technical analysis
Candlestick pattern: After a series of bearish candles, a small bullish pin has emerged, indicating signs of bottoming and recovery.
Moving average system: The short-term moving averages (EMA7, EMA50) are under bearish pressure, but a short-term oversold condition has appeared.
Bollinger Bands: The lower band is opening downwards, and the price is at an extreme deviation position, greatly increasing the probability of a rebound.
Volume: The volume during the decline has increased, and attention should be paid to the subsequent volume contraction and stabilization.
1-hour technical analysis
Trend observation: The hourly chart shows a small bullish recovery in the oversold zone, while the MACD death cross shows signs of narrowing.
Short-term support: 2.08 has strong effectiveness as a support level, and if it fails, caution is needed for potential inertia decline.
Short-term pressure: 2.16 is the short-term resistance level and the first target for a rebound.
Today's trading suggestion (long strategy)
Entry position: 2.10
First support level: 2.14
Second support level: 2.17
Support level: 2.07
