Today I have to talk to you about XRP, the hourly chart is creeping up, currently hovering around 2.43, but the resistance level at 2.5 is like a brick wall.
News:
Tonight at 12 o'clock, the U.S. House of Representatives will vote to end the 42-day government shutdown. Once the shutdown ends, market data will become clear, and pessimistic sentiment can dissipate by a large margin. Even more explosive is the progress of the XRP ETF: Canary's XRP ETF has submitted its final step, and it may be listed when the market opens on Thursday! Swiss institutions say that once the shutdown ends, there is a high probability that ETFs will be batch approved, and institutional funds will rush in.
Technical Analysis:
The MACD has crossed above the zero line, indicating a short-term rebound, but it hasn't stayed above the zero line, so this rise still lacks strength. If we can't get past the key level of 2.5, there's a high probability we'll fall back to find support at 2.4. If we can't hold 2.4 either, we'll have to pick up at 2.3.
The technical aspect is at a pressure point with good news approaching, making it easy for 'good news to realize and spike then tumble'. But this time is different; the ETF is really coming, and funds may hard cap at 2.5.
My personal opinion: Aiming for 2.5000, with a chance at 2.5800!
The technical aspect has rebound momentum, and the news aspect has dual catalysts of policy and funds. I believe XRP will first aim for 2.5000 tonight. If the shutdown voting passes and the ETF news develops, it can challenge 2.5800. But remember: 2.4000 is the lifeline! If it falls below this level, it indicates that the main force is luring in more buyers, and you should quickly retreat to the support level of 2.3000!
What should the player do? Operation suggestion:
Aggressive Party: Start with a small position now, set a stop loss at 2.38, initially targeting 2.5000, and if it breaks through, chase half a position.
Conservative Party: Wait for the voting results and ETF news before midnight tonight. If the shutdown ends and there is progress on the ETF, then jump in. Don't act like a 'chasing the rise death squad'!
If you are unclear about the specific points, you can follow Jin Min, who provides real-time reminders in the village for friends who have followed me for 24 hours.
