Short-term sharp drop profits 1300 points!! XRP short-term MA sounds the alarm
The current technical chart of XRP has made the market sense a hint of danger. From the performance of the short-term moving averages (MA), the price has been continuously suppressed within a downward channel. Although it appears to be in a sideways consolidation state on the surface, a closer look at the trends reveals that the bearish pattern seems to be accumulating some uneasy energy. As the saying goes, "Calm waters may be the silence before the storm."
The situation has become perplexing, with no thoughts to shout out Uncle Money to take you flying once.
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