【Emergency Broadcast】XRP Surprises with 'One' Horizontal Trend, Experienced Traders Urgently Call Out!
Damn, this XRP trend this afternoon is simply ridiculous! It opened at 2.4174 and was directly manipulated into a 'telephone pole' by the whales, with the 5-minute candlestick lying flat the whole time without any fluctuations. Is this a printing machine jammed? Look at the price that has been in free fall from the morning high of 2.4553, now stuck at 2.4174 playing dead, and the MACD red bars are almost shrinking to worms!
(Breaking News Interpretation) I just saw Coindesk report that Ripple Labs is secretly testing the XRP cross-chain wealth protocol. If this news is true, won't it take off directly tomorrow? But right now, these dogs are definitely going to wash the market first with this news. Look at the trading volume bars; for most of the afternoon, it has been a low-volume sideways trend, only suddenly increasing at 14:30 to 2.4174. Isn't this obviously the main force offloading?
(Technical Analysis) Currently, the yellow and white lines at the daily level are still clinging above the 5-day line, but a top divergence has appeared at the 15-minute level. Focus on the psychological level of 2.40; if it breaks, the gap at 2.385 will need to be filled. The MA7 moving average is forming resistance at 2.42, while MA30 is providing support at 2.39. This kind of sandwich market is so damn frustrating!
(Capital Flow Tracking) Data from the exchange shows that the funding rate for Binance XRP perpetual contracts has suddenly turned negative, indicating that short positions are being added. Interestingly, however, the large holders on OKX have quietly increased their positions by 5%. This is clearly a trick where both sides are playing 'you withdraw, I enter'. At this price level, brothers doing T trading can try grid trading, setting a stop-loss at 2.385!
(Operational Strategy) For those holding spot, stay calm and don't panic; this kind of low-volume decline is often a precursor to the main force building positions. For those in contracts, place a breakout long order above 2.45; if it breaks, chase it! This kind of market is most suitable for the 'slide strategy'; reduce positions every time it rebounds to 2.44, and buy back when it retraces to 2.395. Going back and forth is so satisfying!
Right now, this market feels like it has been silenced by the whales, with no movement on the news or policy fronts, purely a tug-of-war between existing funds. Remember this phrase: the longer it goes sideways, the higher it will go vertically. Once this round of reshuffling ends, XRP will definitely put on a 'rising from the ground' performance for you!
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