The battle between bulls and bears for XRP is happening tonight! $2.38 is the line between life and death, all the tricks of the market makers are here.
Today’s 5-minute chart of XRP is purely a "constipation market"—it peaked around $2.28 and then weakened, with a fluctuation of less than 0.2%, and the Bollinger Bands squeezed into a noodle shape. The MACD lines are closely intertwined at the zero axis, with bulls and bears arguing all day, while the market makers are playing "statue game" here!
1. Don’t be fooled! This shrinking volume sideways movement is a signal for a trend change:
1. Quarterly close hides secrets: Last night, XRP’s quarterly candlestick violently broke through $2.3, which is equivalent to institutional certification of the "bull market starting point"; seasoned investors understand: breaking the quarterly resistance = long-term flight forecast.
2. Giant whales are quietly hoarding: The South Korean Upbit exchange bought $1.94 billion XRP in one hour, which is 20 times that of Binance! On-chain data also caught ancient whales withdrawing 610 ETH from Binance to stake, clearly indicating that big funds are positioning themselves.
2. ETF, liquidation, and hearings in a chain explosion
1. ETF probability skyrockets to 90%, SEC is getting anxious
The U.S. SEC suddenly cut the XRP ETF approval time from 240 days to 75 days, and Polymarket betting shows the approval probability skyrocketing to 90%! This operation is equivalent to an official announcement: “Hurry up and get on the bus, I’m in a hurry!” Referencing the 40% surge after the Bitcoin ETF was approved earlier this year, XRP is really about to replicate the script.
2. Bears slaughtered 5744%, blood flows like a river
Yesterday at the $2.25 support level, a "great escape" of bulls and bears occurred: within one hour, bears liquidated $2.83 million, while bulls only lost $48,000, with a liquidation imbalance rate of 5744%! The market makers specialize in treating defiance; who dares to stubbornly short now?
3. Hearing tonight: CEO Senate Battle determines life and death
Ripple’s CEO Brad faces the U.S. Senate tonight! If he throws out good news, the $2.38 resistance will instantly become a paper tiger. But what if regulators make harsh statements? Be prepared for a waterfall plan.
3. Market makers' traps:
On-chain data reveals the tricks: $2.38 has accumulated 2.75 billion XRP, accounting for 4.33% of the circulating supply! This price level is the cost line for whales, and countless people have been trapped for half a year waiting for a way out.
Breakout strategy focuses on two points:
Surge with volume: Single-hour trading volume > $350 million, and the daily line stabilizes above $2.38, close your eyes and chase the long! Target $2.60.
Fake breakout counterattack: If it rises to $2.39 without volume and immediately falls back? Hurry up and place a short order at $2.279, target $2.10.
