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From the XRP one-hour chart, the price overall maintains a fluctuating downward structure, with the short-term trend continuing to weaken. The most recent rebound around 2.22 encountered significant resistance, and the trading volume failed to increase in sync, which is a typical case of a rebound with low volume. Although the MACD red bars are contracting, they have not formed effective green bar momentum, indicating that the current situation is merely a rhythmic repair rather than a trend reversal. Meanwhile, the trading volume continues to shrink, and the short positions control the market trend remains solid.
I personally suggest entering short positions between 2.20-2.24, with a target looking down at 2.17-2.15. If it breaks down, watch for 2.0!
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