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XRP Evening Analysis:


XRP is currently priced at 2.18. The hourly level oscillation and retracement is not a rebound signal; instead, it is a consolidation trend during a downward process. Coupled with the impact of a net outflow of 37.12 million in funds, and the 4-hour line continuously operating within a downward channel, there is a high probability that the downward trend will continue. The current middle band of the Bollinger Bands at 2.21 constitutes a key resistance level. If this position cannot be broken, the weak pattern will persist.

Trading advice: Look for opportunities to short in the range of 2.19-2.21, with an initial target at 2.18 and further down to 2.15.
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$BTC $ETH $XRP
BTC-0.8%
ETH-2.68%
XRP-4.52%
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