3.13 Early Morning XRP Price Analysis

From the 4-hour Bollinger Bands perspective, the bands are beginning to contract and gradually flatten out. The price has repeatedly faced selling pressure near the upper band and middle band, indicating significant upward resistance. The upper band has formed a short-term strong resistance level. If subsequent rebounds touch the band area again, attention should be paid to shorting opportunities at high levels.

Regarding moving averages, short-term MA lines have begun to turn downward, and the coin price has also broken below the moving average support. Currently, the moving averages have transformed from their original support into resistance, with an overall bearish momentum.

Trading Strategy:
1. Short in the 1.42—1.45 range
Target first around 1.38—1.36 area.

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