XRP midday outlook

Support and resistance level analysis

Support Level:

- Short-term support: 2.2300-2.2250 (liquidity concentration area, daily low support)
- Key support: 2.2000-2.2150 (psychological support and resonance with previous lows)
- Strong support: 2.0800-2.1000 (Fibonacci retracement level and dense area of liquidation heatmap)
Resistance level:
- Short-term resistance: 2.2500-2.2550 (morning position trapped area and technical resistance level)
- Key resistance: 2.2600-2.2800 (breakthrough requires volume support, historical resistance zone)
- Strong resistance: 2.3000-2.3500 (psychological barrier and long-term downtrend line)

Operation Recommendations

Bullish Strategy:

1. Conservative Strategy: If the price stabilizes around 2.2300 and holds for 30 minutes, you can take a small long position with a target of 2.2450-2.2500, paying attention to whether the RSI exits the oversold area.
2. Breakout strategy: If there is a volume breakout above 2.2550, you can add to your position, targeting above 2.2600, and you need to observe the synchronous movement of Bitcoin.

Short strategy:

1. Resistance on rebound: If the price rebounds to the 2.2500-2.2550 range and stagnates, a light short position can be tried, with a target of 2.2350-2.2300, combined with the MACD death cross signal.
2. Breakout Following: If it effectively breaks below 2.2300, you can short in the direction of the trend, with a target of 2.2250-2.2200, paying attention to whether panic selling is triggered.

Neutral Strategy:

- Sell high and buy low in the 2.2350-2.2500 range, strictly manage positions (single trade ≤3%), and profit from volatility.