XRP has been dropping sharply lately, but there's some interesting movement recently. Looking at the 4-hour chart, the lows are no longer breaking lower, indicating that selling pressure is clearly weakening. Although the MACD indicator is still below the zero line, the histogram is shrinking, which usually signals that the downward phase is nearing its end.
Don't rush to call a reversal; this looks more like a technical rebound after being oversold. Understanding this is crucial, or you might mistake the rebound wave for the main upward trend, only to get burned.
From the capital flow perspective, there has been consistent accumulation between 1.90 and 1.95, forming a bottom zone. Now that the price has pushed above 2.00, the first real resistance is around 2.05—this area previously saw very high trading volume.
For short-term trading, if the price retraces to 1.96-1.98 and can hold steady, you can consider participating in the rebound, with a stop-loss set at 1.92. The upward target is around 2.10 to 2.15. Once reached, it’s important to take profits promptly and avoid chasing greed.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
7
Repost
Share
Comment
0/400
IfIWereOnChain
· 01-05 03:56
Oh no, this rebound really requires careful observation. Don't be fooled, it's easy to get caught up.
XRP is currently in an oversold rebound phase, not a major reversal. Understanding this difference is very important.
The 2.05 level is indeed under significant pressure, as the previous trading volume was quite terrifyingly accumulated. A breakthrough is necessary to count.
If it stabilizes at 1.96, I might consider participating in a move, but don't be soft on the stop-loss, set it at 1.92.
Honestly, this kind of market is the easiest to lose money in because rebounds can lure in sellers, and you can get trapped if you're not careful.
Once it hits 2.15, you must run; don't think about further gains. Greedy traders have already been cut.
For those who bought the bottom at 1.90, you should be comfortable now, just see if you can hold this wave of gains.
The shrinking MACD signal is pretty good, at least indicating that the downward momentum is weakening. But I'm worried that after the rebound, it might continue to drop again.
Setting the stop-loss at 1.92 is a safe idea, but sometimes it might get swept out, so be mentally prepared for the risk.
View OriginalReply0
LiquidationWatcher
· 01-04 21:38
Another rebound like this, it's easy to get caught up, bro.
But if 1.92 breaks, you really need to cut losses. Don't hold the position anymore. I got wiped out last time doing that.
That 2.05 barrier feels like a lot of pressure. Can it break through?
View OriginalReply0
Frontrunner
· 01-03 17:50
A rebound is a rebound, but don't get f***ed over by the tricks. I've seen this trick too many times.
If you can't hold at 1.96, don't touch it. My blood, sweat, and tears lessons.
It's really pressure at 2.05, don't hold onto false hope.
Always hear the phrase "take profit when it's good," but every time I get greedy haha.
There are indeed people eating at the bottom, but that doesn't necessarily mean it's the bottom, brother.
The MACD shrinking detail is good, worth paying attention to.
Rebound again and saying don't chase high—are these contradictions?
View OriginalReply0
DEXRobinHood
· 01-03 17:48
Only after stabilizing at 1.96-1.98 did I dare to buy; this time I learned my lesson and won't chase highs and get caught.
View OriginalReply0
ResearchChadButBroke
· 01-03 17:47
The rebound is a rebound, but don't be fooled; this thing is prone to pullback.
---
Brothers who bought in at 1.90 can finally breathe a sigh of relief, but breaking through 2.05 is really difficult.
---
The key is whether it can hold steady at 1.96; otherwise, it will fall again.
---
It's true that taking profits when the market looks good is wise; greed has caused many to get trapped.
---
The MACD shrinking does have some interesting implications, but I still don't believe this round can take off directly.
---
Sell between 2.10 and 2.15, don't expect to eat all the gains.
---
The difference between a oversold rebound and a true reversal is significant; messing this up can really cost you.
---
The bottom has indeed tested around 1.90; now it's just a matter of how long it can hold.
View OriginalReply0
SerNgmi
· 01-03 17:34
1.92 stop loss is really a critical point, don't be soft-hearted, brother.
---
Rebound is just a rebound, the 2.05 fortress still needs to be respected.
---
Here comes another technical rebound, every time I say this, it still ends up crashing.
---
To the warriors who are bottom-fishing, the 1.90-1.95 range finally wasn't a wasted effort.
---
The MACD shrinking signal is still worth watching, but be cautious of false rallies.
---
From 2.10 to 2.15, take profits when the trend looks good. It's easy to say, but who can resist greed when actually trading?
---
As long as the low point isn't broken, it at least shows someone is still defending the bottom.
---
Stand firm at 1.96-1.98, if you can't, then run decisively. It's that simple.
---
I believe in oversold rebounds, but don't let me get cut again.
---
The weakening selling pressure sounds good, let's see if 2.00 can hold steady first.
View OriginalReply0
CafeMinor
· 01-03 17:27
I believe in the rebound wave, but I'll wait and see about the main upward wave.
---
It's really dense around 2.05; history tends to repeat itself.
---
The stop-loss at 1.92 is a bit loose; I usually set it tighter.
---
Not to mention, if this wave crashes again, I'll just laugh.
---
It's easy to say take profits when things look good, but who would want to sell at 2.15?
---
The signal of declining selling pressure is good, but I'm still waiting for a break of 2.05 to confirm.
---
The explanation of the difference between oversold rebounds and the main upward wave is very accurate; most people just can't understand this.
---
It's a good thing that someone is buying in the bottom range; at least it shows no one is panic selling.
XRP has been dropping sharply lately, but there's some interesting movement recently. Looking at the 4-hour chart, the lows are no longer breaking lower, indicating that selling pressure is clearly weakening. Although the MACD indicator is still below the zero line, the histogram is shrinking, which usually signals that the downward phase is nearing its end.
Don't rush to call a reversal; this looks more like a technical rebound after being oversold. Understanding this is crucial, or you might mistake the rebound wave for the main upward trend, only to get burned.
From the capital flow perspective, there has been consistent accumulation between 1.90 and 1.95, forming a bottom zone. Now that the price has pushed above 2.00, the first real resistance is around 2.05—this area previously saw very high trading volume.
For short-term trading, if the price retraces to 1.96-1.98 and can hold steady, you can consider participating in the rebound, with a stop-loss set at 1.92. The upward target is around 2.10 to 2.15. Once reached, it’s important to take profits promptly and avoid chasing greed.