XRP crash opens the short-selling feast!!! 570,000 people liquidated, shorts earn big
XRP is currently facing strong selling pressure, and the market's sell-off wave is continuing to spread, significantly impacting investor sentiment. According to the 4-hour candlestick chart, the Bollinger Bands are tightening, indicating that the volatility space is narrowing in the short term, and the market seems to be entering a pattern of waiting for a breakout. The 7-day moving average has become the current main resistance level, and the MACD fast and slow lines have crossed, further exacerbating market uncertainty.
The continuous downward pin bar pattern indicates that market sentiment continues to weaken, and the rebound space for XRP has become increasingly limited. The current downtrend continues, and XRP is facing greater downward pressure. Considering the current technical trend, the rebound space in the short term has become increasingly limited. Students must remain highly vigilant.
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