The 'Salty Fish Turned Over' Drama of XRP Dog Traders! Will it be popcorn or a meat-cutting knife tonight?
Today's XRP market is like being pressed on a yoga mat practicing a plank by the dog traders—prices are flopping around the $2.20 mark within a 0.5% range, the Bollinger Bands are tighter than a socially anxious person's social circle. The MACD dead cross is so green it could be used as a glow stick, and the DIF and DEA, these plastic sisters, are performing a palace drama of 'whoever runs away first wins', clearly telling retail investors: the dog traders' scythe is already greased up.
The whales seem to be having a busy time; on-chain monitoring shows a mysterious account is madly buying up in the $2.15-$2.18 range, sneaky like a grandma hoarding toilet paper during Double Eleven. Meanwhile, the CME suddenly announced an XRP futures party, with contracts starting at 25,000 XRP, clearly inviting institutional big shots to play the 'high sky catching ball' game. This plot is more thrilling than 'Squid Game'—the spot in retail hands is glass marbles, while the futures contracts in dog traders' pockets are gold-plated bullets.
The market looks calm, but it actually hides Oscar-level acting: the RSI indicator is lying flat in the overbought zone pretending to be dead, and the trading volume has shrunk more pitifully than a programmer's hair. The dog traders are turning 'the calm before the storm' into a drama series. The SEC and Ripple's legal drama is in its fifth season with no ending in sight; the gavel in the judge's hand is more intimidating than Thanos's snap—any retake of a shot could make the price perform a 20% leap of faith.
The long and short camps are currently jumping back and forth between ICU and KTV: the bulls are holding up a support sign for 'CME futures leading the way', while the bears carry an electronic tombstone warning of the 'MACD dead cross'. If you ask me, this market is harder to decipher than a mother-in-law's expression—this morning it might give you $2.25 candy, and in the afternoon it can pull out a $2.10 knife.
Remember: the dog traders' candlestick patterns are more changeable than a girlfriend's temper; you think you’re on the fifth floor, but they’ve already set up a vegetable harvester conveyor belt in outer space.
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