Binance XRPUSDT 1d Trend Prediction

On the candlestick chart, the recent decline has broken below all key moving averages, especially the MA20 and MA50, indicating a reversal of the short- to medium-term trend downward and weak rebound momentum. The Bollinger Bands percent_b is very low, with the candlesticks mainly operating near the lower band, which also shows weak support at the lower band. The long-term moving averages are distributed above 2.2/2.6, indicating obvious resistance. The MACD is negative with no signs of rebound, with persistent selling pressure dominating. The RSI across all cycles remains subdued, with no signs of stabilization in the short term, and rebound momentum is severely limited. Active sell orders outnumber buy orders, indicating a bearish market sentiment among active funds. The market may be experiencing outflows, and the trading volume shows no significant spike, suggesting a downward trend with only moderate panic selling. Although large account holdings exhibit some signs of contention, the imbalance in long and short positions favors more long side accounts, and the main force has not yet completed rotation, increasing the risk of further decline. Support levels are referenced at S1: 1.907 and S2: 1.7636. If the price effectively breaks below S1 in the short term, it may quickly test S2 to seek a bottom. Resistance levels are at 2.09 (MA20 and middle Bollinger Band) and 2.24 (upper Bollinger Band). Trading suggestion: The downtrend is clear; it is not advisable to take long positions at this time. If the price breaks below 1.93 or 1.90, a rapid testing of the 1.76–1.93 zone cannot be ruled out. Short-term short positions are recommended with strict risk controls to prevent extreme volume rebounds. It is advised to move the trailing stop loss up to 2.02 (above the instantaneous high of MA5). A strong rebound that surpasses this level should trigger exit from short positions. Conversely, if the price continues to fall, profits can be taken gradually within the 1.93–1.76 range.