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XRP's recent trend has indeed been a roller coaster. The rebound some time ago looked very vigorous, but then it turned around and started to decline, now stuck halfway up the mountain. Looking closely at the technicals, this rebound seems more like a bait for bears—the beginning of a new downtrend is unfolding.
From a technical indicator perspective, the situation is not very optimistic. All technical indicators are signaling warnings, with short-term bearish forces clearly in the lead. Market sentiment is also beginning to turn cautious, and holders should be careful.
The key point still depends on whether the $2.0 support level can hold. If it doesn't, there is even more downside potential. Currently, it is recommended to control risk exposure and closely monitor the performance at this price level.