3.13 Morning XRP Market Analysis



From the 4-hour Bollinger Bands perspective, the bands are beginning to narrow and gradually flatten. The price has repeatedly encountered selling pressure near the upper and middle bands, indicating significant upward resistance. The upper band has formed a short-term strong resistance level. If subsequent rebounds touch the band area again, attention should be paid to shorting opportunities at high levels.

Regarding moving averages, the short-term MA lines have begun to turn downward, and the coin price has also broken below the moving average support. Currently, the moving averages have shifted from their original support role to resistance, with an overall bearish momentum.

Trading Strategy:
1.42—1.45 zone for shorting
Target first at 1.38—1.36 area.

Pay attention to position sizing during operations and set proper stop losses. #3月CPI数据出炉 #比特币支撑阻力位分析 #SOL现货ETF单日净流入$166.31万 #高盛成XRP现货ETF最大持有机构 $BTC $ETH $XRP
BTC3,11%
ETH3,16%
XRP3,84%
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