The death cross convergence is actually a trend reversal signal! RP is stuck at the 2.28 knife's life and death line, market makers have placed 1.4 billion locked orders.

XRP today's market: 2.28 life and death line! Are the market makers planning something big tonight?

Current XRP price is 2.2871, almost touching the May low of 2.2836, and has already halved from the May high of 2.6549. This position is like licking blood off a knife—breaking down could trigger panic selling, while stabilizing could lead to a violent rebound.

Key signal interpretation

MACD indicator: The fast line (BIF 0.0405) and slow line (DEA 0.0504) are almost glued together, the green bar (-0.00330) is shortening, indicating that bearish strength is weakening, and a trend reversal may erupt at any moment.

News: Today is the day the CME launches XRP futures, institutional funds may enter and stir the market, but short-term predictions show that it could drop to $1.89 by the end of May (a decline of 22%). However, long-term big players are calling for targets of $10 or even $22, provided that XRP can return to its peak.

Market makers' bottom cards revealed

Whales are crazily bottom-fishing: addresses holding between 1 million to 10 million XRP have recently increased their holdings by 1.4 billion (about $3.8 billion), clearly ambushing at low levels.

Turnaround in SEC lawsuit: Although XRP surged after the SEC withdrew its lawsuit in March, there have recently been rumors of a settlement, and if it is confirmed, it could soar directly.

Operation strategy

Short-term: Current price 2.28, light positions to test long, stop loss at 2.28, if it stabilizes at 2.30, additional positions can be added to target 2.35;

Risk of breaking down: If it breaks below 2.28 with volume, immediately stop loss, don't fantasize! The next support is at 2.25;

Ambush Party: Wait for a volume breakout at 2.35 to chase, avoid being manipulated by the market makers.

Final reminder: Tonight the futures will launch with significant volatility; retail investors should either place orders in advance or simply watch. Remember, the ones who make money are always those who position themselves early, not the retail investors chasing highs and cutting losses!

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