XRP Bearish Outlook: Slow Rise Can't Hide Bearish Risks, Rebound Is a Shorting Opportunity

The current slow rising trend of XRP does not represent a substantial strengthening of bullish forces, but rather a weak recovery trend after previous declines. From a volume perspective, the volume gradually decreases during the rise, lacking the momentum to support a continuous upward trend. The so-called 'retesting support' is actually a false signal to entice buyers. Under the current market rhythm, once the price rebounds to a key resistance area, the bearish forces will gradually be released, and this rebound point is a better opportunity to set up short positions. It is crucial to be aware of the sudden downward risks that may arise after a slow rising trend.

Personal operation suggestions are as follows:

• Short opportunity: Once the price rebounds to the range of 2.95-3.00 and shows clear signs of pressure and stagnation (such as a bearish candlestick closing, elongated upper shadow, etc.), one can enter for a short position.

• Target levels: The first target is aimed at 2.70; if the price breaks below 2.70 and continues to decline, it may further look down to 2.60. #比特币盈利钱包数量新高 $BTC