【See Decline】
XRP is currently quoted at 1.397, down 1.61% over the past 24 hours, with a 7-day gain of 2.56%. Intraday range: 1.388–1.432.
The 1.40 level has been gained and lost again. After dipping to 1.432 during the session, prices were pushed back, and the trapped positions look noticeably heavy.
The short-term focus keeps shifting downward. The low at 1.388 is the last line of defense.
In the near term, the bias is bearish.
【Reasons for the Bearish View】
The diminishing rebound height combined with a downward shift in the focus forms a typical weak consolidation pattern.
Before 1.388 breaks, wait for signs of stabilization; don’t rush to judge the bottom.
$XRP #XRP
XRP is currently quoted at 1.397, down 1.61% over the past 24 hours, with a 7-day gain of 2.56%. Intraday range: 1.388–1.432.
The 1.40 level has been gained and lost again. After dipping to 1.432 during the session, prices were pushed back, and the trapped positions look noticeably heavy.
The short-term focus keeps shifting downward. The low at 1.388 is the last line of defense.
In the near term, the bias is bearish.
【Reasons for the Bearish View】
The diminishing rebound height combined with a downward shift in the focus forms a typical weak consolidation pattern.
Before 1.388 breaks, wait for signs of stabilization; don’t rush to judge the bottom.
$XRP #XRP