XRP's intraday price movement analysis: Both bullish and bearish positions have been fully realized.
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XRP Technical Analysis — The XRP strategy outlined above has proven effective in both bullish and bearish scenarios. The predicted resistance around 2.45 resulted in a decline to 2.448, while the support around 2.32 led to a rebound at 2.315, perfectly matching expectations. Looking at the daily chart, the current rebound is stronger than the two aforementioned cryptocurrencies. The Bollinger Bands are flattening, short-term moving averages are turning upwards, the MACD fast and slow lines are trending upwards with increasing volume, and the KDJ is extending upwards again. After yesterday's slight pullback, the intraday rebound has recovered the losses, showing strong short-term performance. If it can break through the previous high, the upward trend will continue. The first resistance level to watch in the short term is around 2.57-2.6. If it breaks through and stabilizes, the next target is around 2.8. Support levels to watch are around 2.43-2.42, followed by 2.35. Short-term entry points can be based on these support and resistance levels. For more cryptocurrency analysis, please click the image to see the homepage introduction. — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!
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