Недавняя динамика XRP действительно выглядит противоречиво. With a view from the daily chart, the situation looks not very optimistic — after surging to $2.35 in early January, there were 5 consecutive days of decline, short-term moving averages were pierced, and the Bollinger Bands provided clear support references: $1.98 is the first line of defense, and below that is $1.66. Once this intermediate support breaks, the cascade effect of liquidations could accelerate the decline. Combined with hourly-level indicators turning neutral, shrinking trading volume, and some chaos in perpetual futures funding, these signals all suggest a technical correction is underway.

However, if we shift perspective to the monthly chart, the situation looks much more reassuring. XRP is firmly holding above $1.89 (20-month moving average), which has served as strong support since the breakthrough in November. More importantly, the price has neither retraced to November's opening level nor deviated from the historical volatility corridor — there are no signs of bull market fatigue whatsoever.

From this angle, the current decline is likely of a technical shakeout nature. Even if the decline reaches 10%, it's merely resetting risk and accumulating momentum for the next rally. As long as it can pull back in a controlled manner to around $1.90 and hold the trend moving average, bulls have ample room for a rebound — even if a few more red candles appear subsequently, there's no need for excessive concern.

What's worth pondering is that more disappointing than complete collapse are often those adjustments that fall short of expectations. How do you see it? Can XRP hold the critical $1.98 support level?