A widely concerned altcoins like XRP usually don't enter such flat, non-directional performance

The cryptocurrency market has performed sluggishly recently, and although there is no severe panic, subtle signals indicate potential risks. The downward trend continues, and technical indicators cannot be ignored.

In the short term, the cryptocurrency market is in poor condition, but no extreme panic has occurred. However, the slow and continuous downward trend cannot be ignored.

As shown in the figure, the XRP price is currently above the middle track of the Bollinger Band, but the recent K-line trend has shown weakness. The closing price of the K-line continues to move down, suggesting that the price may fall further.

If this trend continues, the XRP price may fall near the lower Bollinger Band (about 0.00001891 BTC), down about 25% from the current price. This is not a sudden plunge, but a gradual decline process that is easily overlooked.

This lack of directional trend, coupled with the previous death cross (the 23-day moving average fell below the 50-day moving average), further exacerbated the bearish signal. Although the death crossing did not attract much attention when it appeared, it reinforced bearish expectations.

There is currently a lack of clear catalysts, which may be the key to the problem. XRP against Bitcoin is bearish by default and lacks upward momentum and trading volume, so it is recommended to be cautious.

Unless the market trend reverses, XRP price may continue to fall slowly, gradually approaching the lower track of the Bollinger Band.

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