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XRP's recent trend has indeed been quite aggressive. The daily candlestick has already broken through all major moving average supports, and the four-hour chart shows a very standard bearish alignment. The RSI indicator is even as low as 15.4, which is in the extreme oversold zone, indicating strong selling pressure.
The current quote is around 2.0487, and it is a volume-less decline, continuously approaching the lower level of 2.0433. Based on this inertia, the probability of a breakdown is high. From a technical perspective, the signals still favor a bearish outlook.
However, it is also worth noting that an RSI below 20 is often considered oversold, and sometimes rebound opportunities may appear accordingly. But the key point is that the current price is being suppressed above all moving averages, and the trend remains biased towards bearishness. Therefore, if you want to participate in short positions, you must manage your positions carefully, set clear stop-loss levels, and not get rattled by short-term fluctuations.