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XRP has recently shown weak momentum, remaining in a low consolidation phase and still unable to break free from the downward trend. Every upward attempt is met with selling pressure, and the long upper shadow indicates heavy selling pressure. It is highly likely to continue testing lower levels. Consider shorting during rebounds.
Trading suggestion: Short around 2.03-2.06, targeting 1.92-1.86; if broken below, expect further declines.
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