3.13 Early Morning XRP Market Analysis

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

Regarding moving averages, short-term MA lines have started 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 the overall momentum leaning bearish.

Operation Strategy:
1. Short in the 1.42—1.45 range
Target first at around 1.38—1.36.

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