Attention, family! The XRP bullish and bearish battle is imminent!!!
Dear family in the crypto circle, today we will take a good look at the XRP market. First, let's look at this five-minute candlestick chart; it's really tangled up, doesn't the price resemble the previous mirror image? I'm not saying it's identical, but it's pretty close! It's obvious that the whale is controlling the market tightly, clearly accumulating energy to make a move!
From the news perspective, Trump is back at it again, claiming he wants to take control of the crypto space, and the CFTC has expressed support for perpetual contracts. Normally, this would be great news, and XRP should be rising, but what happened? It shot up to $2.4252 and was immediately crushed down by a wall of 2000 sell orders. What does this indicate? It shows that the old holders don't care about these positive news and are just using it as an opportunity to sell! Now, it all depends on whether the Binance Alpha platform can activate the small coin linkage effect; if mainstream coins continue to drain, XRP could be in trouble.
From a technical perspective, XRP is currently stuck above the weekly MA30, but the abyss at $675 is a strong support level. If it breaks down with significant volume, algorithmic bots will definitely follow suit and sell off, and by then, it will be too late to escape. However, some analysts are coming out bullish, saying XRP could reach $3-8, or even $17 in the medium term, citing a "golden cross" bullish signal on the XRP/BTC weekly chart. Regarding such predictions, I just want to say: technical analysis is all about probabilities, don't take it too seriously!
In terms of operation, I suggest spot players hold 30% of their positions and observe, while contract traders should honestly do grid trading, selling high and buying low. If you want to chase the rise, remember to set a 1% stop loss, or you might end up losing everything.
Finally, I want to remind everyone: A day in the crypto world is like a year in the real world; XRP could suddenly soar one day, but more often than not, it just barely survives. So, make sure to control your positions and don't put all your eggs in one basket!
Feeling lost? Can't find a way out?? Comment to get support from a top-tier team
I am Fengyun, supported by a top-tier team, only those who resonate on the same frequency can gather together! (No disturbances, please)
