7.6 Monday XRP Morning Thoughts

The easing expectations boost from the previous non-farm payrolls has been fully digested. Today, the U.S. dollar index and U.S. Treasury yields are rebounding simultaneously, risk appetite across the market is cooling, and XRP is generally under pressure and fluctuating along with the broader market.
On the technical side, short-term strong resistance is concentrated in the 1.12-1.15 USD range. Multiple intraday rallies have met concentrated profit-taking selling here, accumulating a large number of early trapped positions. Without significant volume-driven capital inflows, a valid breakout is difficult. The mid-term key resistance is at 1.30 USD, which was the consolidation center of the previous decline, and upside space continues to be compressed. Short-term defensive support is at 1.04-1.06 USD, and the 1.00 USD integer level is the key dividing line for the strength or weakness of this rebound. Once it is effectively broken, the short-term recovery will completely end, and the next support looks to the 0.95 USD demand zone. On the indicators, the four-hour bullish momentum continues to weaken, the RSI has turned downward from a high level, the MACD bullish red bars are shrinking, the price has been running below the medium- and long-term moving averages for a long time, and the bearish structure of the larger cycle has not changed.
Operation suggestion: Short at 1.155-1.160, target 1.140; if broken, see 1.130; if not broken, reverse to long. $BTC $ETH $SOL