The longer it consolidates
The more drastic the change
The time for XRP's 'big move' has arrived!
News:
Three flames ignite expectations
ETF probability skyrockets to 87%:
June 17 (Franklin) and June 25 (ProShares) are critical ruling dates for SEC's decision on XRP spot ETF; the market bets on an 87% approval rate. If approved, institutional funds may surge in, potentially triggering a short-term spike, but caution is advised for 'buying the expectation and selling the fact' risk.
Payment volume surged by 1300%:
XRP ledger's payment volume skyrocketed from 295 million to 4.11 billion in 24 hours, on-chain utility has surged! Ripple's collaboration with Ondo Finance and others strengthens the ecosystem, solidifying long-term value logic.
Whales secretly layout $3.8 billion:
Whales have accumulated 1.4 billion XRP (approximately $3.8 billion) over the past month, increasing concentration and reinforcing bottom support.
Technical analysis:
Death cross pressure indicates imminent change
Bollinger Bands convergence:
Current price 2.24 is close to the middle band (2.2437), with significant resistance at the upper band 2.60 and support at the lower band 1.61. Convergence indicates a potential direction within 48 hours.
MACD death cross strengthens:
DIF (0.0108) crosses below DEA (0.0202), green bars widen (-0.0187), bearish momentum is not exhausted, significant short-term correction pressure.
Key level defense:
Resistance: 2.35 (50-day moving average) → 2.50 (psychological level) → 2.65 (previous high)
Support: 2.20 (bullish defense line) → 2.00 (life and death line) → 1.61 (Bollinger lower band).
The first ETF ruling on June 17 is about to be announced; will this fuse ignite XRP's rocket or serve as a detonator? Follow big G for immediate analysis of market movements! $XRP #山寨币热点
