In the 4-hour chart of XRP, the price stabilizes at the middle band of the Bollinger Bands, but the upper band is moving down and the bandwidth is narrowing, compressing the price volatility. The KDJ has formed a dead cross at a high level, and the J value is retreating, confirming a bearish signal.
The rebound volume is decreasing while the downward volume is increasing, showing weakness in the bulls. It is advisable to short in the short term, positioning around 3.2, with targets at 2.9 and 2.7. $XRP #Xrp🔥🔥