【Golden Quote】 The deep squat before the surge is the unchanging script of the market. XRP is currently standing at the crossroads of a long and short battle.
News Analysis
Clouds of SEC Still Looming
: Although the settlement amount between Ripple and the SEC has shrunk to $50 million, the regulatory threat still hangs overhead, and institutional funding willingness is hindered. The delay in ETF approval (originally scheduled for June 17) is just adding insult to injury.
Macro Headwinds
: With the June Federal Reserve meeting approaching, if interest rate cuts do not materialize, risk assets may be sold off, and XRP, as a representative of “altcoins,” will be at the forefront.
Good News Turns into Poison
: The XRPL Developer Conference has just concluded, but the hype around concepts like AI and DeFi has failed to stimulate buying, and market sentiment has shifted to “story fatigue.”
Technical Analysis
Four-Hour Chart Reveals the Truth
: The price is repeatedly stuck between $2.26 (previous support level) and $2.6 (strong resistance level), with trading volume continuously shrinking, resembling the classic bear market state of “high position stagnation.”
Indicators Hide Danger
: RSI (44) is neutral to weak, the MACD has just shown red bars, and if the Bollinger Bands open downward after tightening, the psychological level of $2.0 may be hard to hold.
Liquidity Trap
: The heat map shows a large accumulation of stop-loss orders in the $1.95-$2.01 range. Once broken, it may trigger a chain reaction, reminiscent of the “ankle chop” disaster at $1.61 in May.
【Operation Summary】
Current price around $2.32, short-term advice is to reduce positions in batches as it rebounds to $2.4-$2.5, with stop-loss set above $2.6; for mid-term, if it breaks below the $2.26 support, one can look to short to $2.0; long-term players should prepare ammunition, as the $1.6-$1.8 range might be a “golden pit” opportunity for bottom fishing.
A sharp drop is not the end, but the starting point of a new round of wealth distribution—do you want to be the washed-out retail investor or the precise bottom-fishing hunter?
Opportunities and risks coexist in the crypto circle. Stay vigilant and finding the right timing is key. I have also discovered a short-term surge project that has huge doubling potential! If you want to keep up, follow me for free sharing!
