XRP Intraday Analysis 7.16

From the perspective of market rhythm, during this rally, the price drop has been much smaller than its rise, indicating that active buying still dominates the market. Furthermore, the recent price declines have repeatedly failed to break through the key support level earlier, suggesting that funds are more inclined to buy when prices fall than to sell at higher levels, indicating a relatively strong trend continuity.

Technically, the price continues to trade above short- and medium-term moving averages, with the moving average system maintaining an upward divergence, and the market’s gravity center continuing to shift higher. Meanwhile, trading volume remains relatively stable during the rebound, without any significant volume spike followed by price stagnation, indicating that the current rise is driven more by trend than by sentiment.

Trading Strategy
XRP: Buy when the price drops between 1.10 and 1.11, target: 1.12

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$XRP ‌$AKE ‌$PEPE ‌