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XRP 4-hour analysis: The current price is oscillating around 2.32, continuously suppressed by the middle band of the Bollinger Bands at 2.36. The upward momentum is weak. The Bollinger Bands remain converging, indicating a continuation of the weak sideways trend.
The MACD indicator has formed a slight golden cross below the zero line, but the red histogram bars are shrinking, showing that bullish momentum has not been effectively released. Although trading volume has increased, it has not driven a significant upward movement in price, reflecting heavy selling pressure above and a market dominated by short-term speculation.
Trading suggestion: Consider short positions in the 2.33-2.40 range, with a target down to 2.26. If the price breaks below this level, it could further decline to 2.18.