【XRP/USDT 1H Level Technical Analysis: Moving Averages Entangled, Poised for Breakout】

From the 1-hour candlestick chart of XRP/USDT, after experiencing a unilateral decline from the previous high of 2.066, the market has now stabilized around the bottom at approximately 1.847 and is undergoing a sustained oscillation rebound. Currently, the moving average system (MA5/10/20/30/50) shows an early bullish alignment, especially with MA20 (1.941) and MA30 (1.929) forming a solid support zone. The price (1.950) is trading above this support zone, indicating that the short-term trend has shifted from bearish to bullish, with downward momentum essentially exhausted.

Regarding key levels, short-term resistance is between 1.952 (MA5) and 1.965 (MA100). Among these, 1.952 is an immediate resistance. A volume breakout above this level could open up further upside space. The core support is in the 1.923-1.929 range, which is a dense support zone from the previous consolidation platform. As long as this range is not broken downward, the rebound pattern will remain intact. From the indicator signals, the MACD DIF and DEA lines are converging near the zero axis and forming a golden cross, with the red momentum bars gradually enlarging, indicating a typical “bullish alignment above the zero axis,” and rebound momentum is accumulating. The RSI is at 53.5, in a bullish zone with an upward direction, showing no signs of topping. Although volume fluctuates during the rebound, it generally stays above the moving average line, and combined with continuous bullish candles, this confirms the validity of the rebound.

The current trend is defined as a “bottoming rebound after a decline.” The price is at a critical point to break through the previous downtrend line. If it can effectively hold above 1.952, it may challenge 1.965 or even higher; if it encounters resistance and falls back, breaking below the 1.923 support, it could retest the 1.896 low.

Summary: XRP is currently in a recovery phase after a bullish correction, with 1.952 serving as the short-term bull-bear dividing line. Focus should be on whether 1.952 can be effectively broken. A breakout could target higher levels at 1.965, while resistance may cause a pullback to test the 1.923 support. #Gate每10分钟送1克黄金