The Fed's bullets are loaded, XRP bulls and bears tug-of-war tonight — if the 2.05 defense line holds, a pinbar is a money-making opportunity!
News front: The Fed decides life or death tonight
Core event: June 19, 2 AM Fed FOMC interest rate decision + economic forecast
Rate cut? Think again!: May CPI unexpectedly rebounded, the Fed will likely maintain interest rates unchanged, higher for longer, hawkish signals may severely impact the market.
XRP's lifeline: If Powell hints at only one rate cut this year or even no dovish signals, the dollar will surge → risk assets will plummet, XRP may pierce through 2.05 creating a new monthly low!
The only glimmer of hope: unless the Fed unexpectedly shifts to dovish due to concerns about an economic recession, XRP may react to Bitcoin and test the 2.20 resistance level.
Truth: XRP tonight is a follower; whatever Bitcoin does, it has to follow!
Technical aspect: Bears are crushing, waiting for the final drop
Indicator status signal: Bollinger Bands price touching the lower band, opening a downward descending channel; MACD death cross with extended green bars, bears accelerating; under no bottom division, avoid catching falling knives!
Key price level:
Life and death line: 2.1000
Abyss line: 2.0500
Reversal signal: a strong upward breakout above 2.15 + MACD green bars shortening
Operational summary: Three strategies to cope with tonight's chaos
Radicals:
Place a buy order at 2.0580, stop loss at 2.0380, betting on a 30-minute long lower shadow rebound.
Conservatives:
Break above 2.1550 (above today's high) to chase longs, target 2.20, stop loss at 2.1380.
Laid-back faction:
Clear positions before 2 AM to avoid volatility; if 2.05 is not broken within an hour after the interest rate decision, then consider re-entering.
Before the Fed fires, both bulls and bears are gambling — remember the big G's words: no breakout above 2.15 with volume, all rebounds are just a farce! For specific buy and sell points, follow Da G's personal homepage, don’t get lost in bottom fishing and profit taking.
