Is Ripple's rebound reaching its ceiling? The 1.4 level has been challenged for a long time; beware of a sudden pullback!

Hey everyone, on May 5th, the market moved to this point, and Ripple (XRP)'s performance indeed made many bulls feel itchy. But let’s calm down and look at the chart now; the current 1.4037 is probably not a launchpad for takeoff, more like a precarious high platform.

📉 Market reflection (Reject mindless chasing)

One-hour chart (Momentum exhaustion): From the chart, although XRP is trying to stay above 1.40 on the hourly level, the body of the candlesticks is shrinking, showing clear signs of “volume-contracted rally.” This indicates heavy selling pressure above, and the main force’s intention to lure more buyers at this level is very obvious.

Four-hour chart (Trend suppression): From a larger cycle perspective, Ripple has been in a long-term downtrend channel. The current small rebound has already reached a key resistance zone on the 4-hour level. Although the moving averages are intertwined, the overall slope has not reversed, and the bearish dominance remains.

Personal opinion: I think Ripple right now is like holding on tightly. If the market can’t sustain increased volume, this small rally driven by short-term emotional chasing won’t last long. The 1.41-1.42 zone is a previous dense trading area, with heavy resistance. Today, I expect a pullback to test the support strength below.

🚀 XRP/USDT current price bearish strategy Follow the trend, we directly enter a market counter position, and execute disciplined:

Open position direction: Short

Market order entry: 1.4037

First take profit (1%): 1.3897 (retest hourly support, take half profit first)

Second take profit (2%): 1.3756 (test the 4-hour midline support, aiming for greater profit)

Hard stop-loss (1.5%): 1.4248 (if it strongly breaks through 1.425, indicating bulls have fully turned around, we cut losses and exit)

Reminder to everyone: Ripple is a very tricky coin; once it drops, it often triggers panic. We don’t fight against the trend when shorting, set good take profit and stop loss levels. In this volatile market, preserving capital is always the top priority.