#XRP突破新高？

Currently, on the 4-hour level, the price has been continuously rebounding upwards, the Bollinger Bands are in an opening posture, and the stochastic indicator in the sub-chart has also entered the overbought zone, which to some extent limits the space for the price to continue rebounding.

Looking at the 4-hour chart, the momentum of three consecutive bullish candles is beginning to weaken. A continuous rise is bound to encounter a wave of retracement, and the consecutive bullish candles will be broken by a wave of small bearish candles. We will finally observe the market from the 1-hour chart.

The ongoing upward movement has lost momentum near 100500, starting to form a ceiling, and is about to extend downwards for a retracement; therefore, our approach can continue to look for short positions.

The Bitcoin price is around 100300 🈳, with a target of 98000.