【$XRP Signal】No Position Waiting for Downward Momentum to Exhaust

$XRP is experiencing a volume-driven decline, with four-hour candles closing bearish consecutively, and the price has broken through previous key support levels. Market logic suggests a short squeeze or main force distribution, combined with negative funding rates, indicating extremely pessimistic short-term sentiment.

🎯 Direction: No Position (NoPosition)

The current chart clearly shows a downtrend; any contrarian bottom-fishing is a left-side trade with very high risk. Although there was a slight rebound after the low of 1.3416, selling pressure above remains heavy (large sell orders at the ask price of 1.3644), and the four-hour K-line shows no effective bottom reversal pattern. The decline is accompanied by massive volume, indicating genuine and fierce selling.

Strategy: Be patient and wait. Watch whether the price can form an effective reversal signal in the 1.34-1.36 range (such as a Pin Bar or bullish engulfing), accompanied by decreasing volume and exhausted sell orders. Until then, staying out of the market is the best risk management.

Trade here 👇 $XRP

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#Is the current market bottoming or just observing?