When the Bollinger Band opens wide downward, and MACD death cross is fully engaged, this cliff-diving truck called XRP hasn't shown any brake marks.

News front: Three dud bombs suspended overhead, insufficient favorable variables.

ETF approval delay: The SEC's ruling on Franklin Templeton's spot XRP ETF, originally scheduled for June 17, may be postponed again. Even if approved, referring to the 'cold reaction' after Ethereum ETF was approved, short-term stimulus is limited.

Macro headwinds looming: The Fed's interest rate meeting on June 18, if delayed due to stubborn inflation, risk assets will be under pressure – high-volatility currencies like XRP will bear the brunt.

The APEX conference is unlikely to save the situation: The Singapore XRPL Developer Conference on June 10 focuses on AI + payments, but the market's confidence is insufficient due to the historical sell-off curse after past summits (like a 30% drop after the rally in November 2024).
Conclusion: Regulatory haze (SEC lawsuit undecided) + macro headwinds, news lacks upward fuel.

Technical aspect: Death cross + breaking the band, the downward channel is locked.

MACD death throttle:

Current values: DIF: -0.0186, DEA: -0.0094, green bars -0.0184, the death cross below the zero axis is widening, with bearish momentum accelerating.

Historical comparison: A similar pattern triggered a plunge from $2.6 to $2.1 in May (a decline of 19%).

Bollinger Band 'inverted trumpet': The price is close to the lower band (lowest $1.60), the band is opening downward, and the middle band (about $2.20) becomes a strong resistance level, with any rebound being a sell signal.

The right-side scale shows $2.15 as psychological support; breaking this level will trigger a stop-loss wave, targeting directly at $1.8017.

Whales are holding steady: On-chain data shows large holding addresses (over 10 million XRP) are not bottom fishing, coldly waiting for the $2.0 support line to collapse.

Operational summary: Better to miss out than to become cannon fodder.

Short sellers: Hold your horses! 2.15 is not the bottom; only after breaking below $2.0 and triggering stop-loss orders should one consider gradually catching falling knives.

Holders: Reduce positions at 2.20 (Bollinger middle band), and the only life-saving signal is the shortening of the MACD green bars.

Breakthrough observation point: Unless it surges above $2.65 (downward wedge 'trigger signal'), any rebound is just a smoke screen.

Don't forget, June 17 is not just the ETF trial day – if the Fed suddenly cuts interest rates, this truck could pivot 180 degrees! For valuable insights in the crypto world, click my avatar to follow me, and trading will become as easy as dining, while breaking even will feel like shedding clothes, gaining first-hand news and in-depth analysis!