XRP's recent trend is quite interesting. It rebounded from the low of around $1.80-$1.90 near the end of last year, and the momentum was indeed strong. The long-term red moving averages in this area also provided significant support. This indicates that the selling pressure is at least not as fierce, and the bears are temporarily cooling off.

The problem is—once the price reaches the $2.25-$2.30 range, it starts to stall. The blue and green moving averages, which were previously support during the upward phase, have now reversed. The overall situation has flipped, and these two moving averages are now trending downward, turning into resistance. Every time the price approaches this zone, it struggles to push through, indicating limited momentum for a rebound.

From a broader perspective, XRP is still within a correctional framework and hasn't confirmed a trend reversal. To make a complete turnaround, it needs to break through the $2.25-$2.30 barrier. The current situation is somewhat like hesitating at a crossroads—whether to break through or pull back depends on the performance in the next few days.