The XRP Defense War has begun! Major movements are coming!
At this moment, looking at the 5-minute K-line chart of XRP, the price is repeatedly rubbing against the lower Bollinger Band of $2.4628 near $2.4653. This position has been tested three times without breaking, reminiscent of the calm before the storm.
1. Whale Activity at Dawn
On-chain monitoring shows that at 3:17 AM Beijing time, an address marked as "Ripple Official Custody Account" suddenly unlocked 230 million XRP, of which 80 million were transferred to Bitstamp exchange. This operation directly caused a surge in market panic, and the price instantly broke through the support level of $2.47. However, strangely, within the next four hours, 150 million XRP were transferred from Binance's cold wallet to an unknown address, suspected to be institutional funds buying on dip. This "selling with the left hand and buying with the right hand" maneuver exposes the fierce game of main funds at this position.
2. Technical Indicators Sending Mixed Signals
The current MACD indicator is forming a "crocodile mouth" pattern underwater, with the DIF value at -0.0041 and the DEA value at -0.0044 almost glued together. The shortening green bars indicate a weakening of bearish momentum, but the golden cross below the zero axis has always been a "death kiss." It is worth noting that the lower Bollinger Band and the daily level upward trend line form a resonance support at $2.46. If this level is broken with volume, the gap at $2.42 below will become the bear's target. However, the 4-hour RSI has reached the oversold critical point of 38, combined with BitMEX perpetual contract's -0.03% negative funding rate, indicating that short-term rebound momentum is accumulating.
3. The Eye of the Regulatory Storm
This morning, a leaked crypto regulation draft from the White House shows that the new SEC Chair has clearly excluded XRP from the "security token" classification, which is equivalent to giving the green light for XRP ETF approval. Bloomberg terminal data shows that the open interest of XRP futures exploded by 37%, with institutional accounts on the Chicago Mercantile Exchange accounting for as much as 62%—these suited capital giants are clearly betting on the SEC's regulatory decision this Friday.
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