"The spring of XRP has been compressed to the limit—either it will break through the 2.33 shackles or it will crash through the 2.05 abyss; the June showdown is just around the corner!"
News: Three flames ignite the market
ETF countdown: The final decision date for Franklin Templeton's XRP spot ETF is set for June 17. If approved, it will trigger an influx of institutional funds. Canada has already prepared the first XRP ETF, and once the U.S. permits it, the $2.3 resistance will instantly become a floor.
SEC lawsuit conclusion: Ripple and the SEC are secretly negotiating, with fines potentially slashed from $125 million to $50 million, and the 'institutional sales ban' is more likely to be lifted. When the victory is announced, XRP will shake off three years of shackles.
Federal Reserve's divine assistance: If the Federal Reserve cuts interest rates on June 18, global hot money will flood into cryptocurrencies, with high-volatility assets like XRP being the first to benefit.
Technical analysis: Bulls and bears are locked in a struggle at a key position
Four-hour chart signal:
MACD golden cross + green bars widening: Short-term rebound momentum is strengthening, bulls are temporarily controlling 910.
Bollinger Bands narrowing to widening: Volatility expansion is imminent, and a breakout is just around the corner!
Volume-price divergence warning: When the price surged to 2.33 yesterday, the trading volume did not increase. If it attacks again without volume, beware of a false breakout.
Key watershed:
Bullish stronghold: 2.05 triple bottom support; if broken, it will collapse to 1.55.
Short sellers' coffin: A breakthrough above 2.33-2.34 will open the $3 channel.
More specific buy and sell point strategies
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