Binance XRPUSDT 4h Trend Prediction

From the candlestick chart, it can be seen that XRPUSDT has recently fallen sharply from a high point, with the current price near the lower Bollinger Band, and no obvious bottoming pattern has emerged in the short term. The Bollinger Bands are narrowing, and the price is about to break down through support, warning of a potential second downtrend extension. Momentum indicators such as RSI and KDJ simultaneously show extreme oversold conditions, indicating market sentiment is panic-driven with strong selling pressure. Although a technical rebound may occur at any time, the short-term downward momentum has not yet dissipated, making any rebound likely to be very limited. The MACD exhibits a persistent green histogram with both lines trending downward, indicating a clear bearish trend without signs of reversal, suggesting significant downside risk in the next 4 hours. During the recent high-volume retracement, neither trading volume nor turnover further increased, indicating that panic selling has not been fully released. The market may continue to oscillate at low levels in the near future, with a high probability of a breakdown in the short term. The support level S1 (2.9535) is a key recent defensive line; a breakdown below this point targets S2 (2.7266). The upper resistance is around 3.07, forming a short-term trading band within this price range. Long and short accounts, as well as large-cap holdings, show a bias towards long positions, but the market has not confirmed a trend, indicating short-term capital imbalance. It is advisable to wait until the market digestive process completes before judging potential trend reversals. Investors are advised to adopt a wait-and-see approach; aggressive traders may take light short positions following the trend, with take-profit at 2.95 and stop-loss above 3.15. Be cautious and avoid blindly bottom-fishing.