65% of on-chain chips are concentrated! The longer $XRP stays sideways, the closer the 'liquidation bomb' of the whales?
The longer it stays sideways, the more intense the change will be—XRP is experiencing a shrinking oscillation at the four-hour level, and the 'scythe' of the market makers is already sparking!
1. News: Good news hides a knife!
This morning, Ripple officially announced a test of cross-border payments with Visa, and XRP instantly surged to $2.38, but on-chain data slapped back—one whale sold 28 million XRP overnight, directly crashing the price back to $2.30, perfectly illustrating 'good news is bad news'.
Even more astonishing, after dumping, this whale placed a buy order at $2.28, playing a 'high sell low buy' scheme. Brothers, the bait from the market makers is both tempting and toxic; chasing the rise will surely lead to being buried!
2. Technical: All three indicators are acting!
1. MACD: The golden cross above the water has turned into a 'fake move'. DIF (0.0195) and DEA (0.0140) seem to have a golden cross, but the MACD bar (0.0109) is as thin as a mosquito leg, indicating the bulls are weak. This is like stepping on the gas while leaking oil; it seems lively on the surface but can stall at any moment. Remember, a shrinking golden cross on the zero line is 90% a 'death warrant' drawn by market makers.
2. Moving Average System: MA9 is pressing down, MA10 is flat, MA9 (149 million) is firmly pressing MA10 (104 million), with a difference of 45 million in trading volume! The average daily trading volume over the past 9 days is 1.4 times the current volume, indicating that the main force has long since offloaded at high levels. Now this little volume is not even enough for the market makers' leftovers; the longer it stays sideways, the harder the downward spikes will be.
3. Trading Volume: A shrinking volume of 25%, the market makers' control is obvious, with an actual trading volume of 145 million, lower than the estimated 154 million, a quarter less than last week. But the phrase 'chip explosion' reveals the secret—on-chain chip concentration has soared to 65%, with the top 10 addresses controlling 47%. Brothers, this is the market makers' clear play: shrinking sideways = sign of a change, either a huge surge or a bloodbath!
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