XRP Market Analysis and Trading Suggestions

1. Market Trend Analysis

Daily Level: After XRP slowly rose relying on small bullish candles, it has recently shown significant pressure and retreated, consecutively closing two entity bearish candles. The second bearish candle broke below the lower edge of the previous consolidation platform, weakening the effectiveness of the support below, and a bearish trend is initially evident. Four-Hour Level: After the market experienced a quick dive, there was a slight rebound, but the rebound strength was weak, failing to recover the key support level. Moreover, the trading volume gradually shrank during the rebound process, indicating insufficient bullish momentum, and it is highly likely that the downward trend will continue.

XRP can be shorted near 3.0000, targeting 2.9000#ETH创历史新高 $BNB .