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Recently, there have been some interesting changes in the technical indicators of the XRP market. In the 4-hour time frame, although the price is still dipping to new lows, the Relative Strength Index (RSI) is showing higher lows. This phenomenon is known as "bullish divergence" and is generally regarded as an important signal that the market may be about to reverse.
The change in this technical indicator implies that although the XRP price still appears to be dipping, the market's selling pressure may actually be gradually weakening. This divergence creates conditions for a possible rebound in XRP in the short term.
From a trading perspective, the current market conditions may provide investors with a potential entry opportunity. If XRP can find support around $2.95, the likelihood of an upward breakout will increase. In this case, a price level around $3.2 may become a reasonable short-term target.
However, investors should keep in mind that the cryptocurrency market has always been highly volatile, and any trading decision should be based on comprehensive market analysis and personal risk assessment. Closely monitoring market trends and managing risks effectively will be key to seizing this potential opportunity.