3.13 Morning XRP Analysis
The daily level maintains a bearish pattern, with highs continuously declining and insufficient rebound momentum; the 4-hour cycle shows weak trends, with bears dominating the market. Prices are under pressure below the MA5 and MA10 moving averages, which are arranged in a bearish formation; the RSI indicator is below 50, and the KDJ has formed a dead cross at a high position, indicating a lack of rebound momentum; the middle track of the Bollinger Bands continues to suppress, and the descending channel pattern is clear.
Operation suggestion: 1.41-1.44 range for short positions, targeting 1.37