News: Bitcoin, Ethereum, and Ripple are facing downward risks due to failed breakthroughs.

The RSI of the three coins is below 50, and the bearish momentum is indeed increasing.
Specifically for XRP, resistance is forming around $1.96, and the current trading price is close to $1.86. The key support level is clearly marked at $1.77.
Currently, both the technical and news aspects are resonating, and neither is very optimistic.
So the question arises: will XRP rise against the trend tonight to touch the resistance level of $1.988, or will it continue to fall, testing the key level of $1.890, or even explore the support level of $1.770?

Technical analysis:

On the 4-hour candlestick chart, the MACD double lines are submerged. The rebound resistance at 1.9880 is like a closed iron gate, while your XRP is hovering on the edge of the key level at 1.8900. The movement tonight will determine whether countless players are counting money with smiles or unable to sleep all night. Looking at the market chart, we see that XRP's 4-hour candlestick is struggling a bit. The latest price is stuck around 1.8511, still a bit away from the upper rebound resistance at 1.9880, but not far from the lower key level at 1.8900 and stronger support at 1.7700.


The colored lines in the chart are not decorations; the yellow, purple, and green lines mark high resistance, rebound resistance, key levels, and target support, respectively. This is the battlefield map drawn with real money by the market.
The two white and yellow lines of the MACD have dropped below the 0 axis. This is usually a warning signal in technical analysis, indicating weak short-term momentum.
Looking at the adjacent volume histogram, the volume fluctuations are stable, without sudden spikes. During such times, the market is often waiting for a directional choice.

What should you do if you hold XRP now?
Listen up, this is practical advice, not just theory:
First, position management is a lifesaver. If your position is too heavy, reduce it appropriately during a rebound. Never fire all your bullets at once; the market can change in countless ways, and you need to ensure you survive to the next round.
Second, set clear stop-loss points. If you bought at a higher position, make sure to have a stop-loss in place.
Third, if you want to enter the market while being out of position, patiently wait for two signals: either the price breaks through the resistance level of 1.988 with increased volume, indicating a possible trend reversal; or it stabilizes around 1.770, showing a clear bottom pattern.



My personal opinion:
Why? Because the MACD being below the 0 axis itself indicates that bears are dominant. Coupled with the overall bearish market atmosphere, where Bitcoin and Ethereum are both falling, it’s hard for XRP to stand alone.
The key level of 1.890 is likely to be tested tonight. If it can't hold, looking down at 1.770 is not an exaggeration.

I am Qihe from the cryptocurrency circle. Follow me, and I will teach you how to seize this market wave and catch the whole fish! If you don't know how to time it, Qihe will analyze it in real-time in the village and provide the current best entry points.#美联储回购协议计划 #加密市场观察