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3.13 Morning XRP Analysis
The daily chart shows a bearish structure with lower highs, a rebound lacking volume, and the 4-hour cycle continues to weaken, dominated by bears. The price is under pressure below the MA5 and MA10, with moving averages arranged in a bearish alignment. RSI is below 50, and the KDJ has formed a death cross at high levels, indicating no rebound momentum. The middle band of the Bollinger Bands is continuously acting as resistance, and the downward channel is clearly defined.
Trading suggestion: Short in the 1.41-1.44 range, with a target of 1.37.