$XRP

Oct. 9 Jingyi’s XRP Outlook Daily timeframe: After a period of high-level consolidation, XRP has recently moved downward with consecutive bearish candles. The MACD has formed a bearish crossover and is continuing to release green bars, while bullish momentum is fading. Overall, it has entered a correction cycle, with the current price around 1.387. 4-hour timeframe: It quickly dipped to a low of 1.3177, followed by a slight rebound and recovery. The MACD shows signs of turning upward at low levels, but this is merely a technical rebound after the decline. The moving averages are still exerting downward pressure, and the rebound is weak, with no reversal structure formed. The rebound is an opportunity to short at higher levels. Recommendation: Enter short positions if the rebound meets resistance in the 1.408–1.42 range, set a stop-loss above 1.435, with the first target at 1.34. If it breaks down, continue looking toward 1.3177; if 1.3177 breaks, target 1.28. ​ Only if it holds above 1.46 with increased volume and does not fall back on the retest can this round of daily-chart correction be considered over; then consider shifting to a bullish outlook.