"Where the dealer draws the door, there must be a bloody storm!" Fellow traders, XRP is currently stuck at the critical price of $2.878, with both bulls and bears fighting fiercely at the 38.2% Fibonacci level; tonight is destined to be a hard battle!
Latest news flash
Ripple third-quarter unlocking alert: On-chain monitoring shows that on August 1, 1 billion XRP (approximately $280 million) will be released from custodial wallets. Historically, the main force often dumps before the unlocking in the first 7 days.
SEC lawsuit aftermath: Although there is no new progress, rumors say whale accounts are trading XRP in the OTC market, large off-exchange turnover is often a precursor to a trend change.
Bitcoin dragging behind: BlackRock's spot ETF saw a net outflow of $120 million last night; if BTC falls below $110,000, the entire altcoin market will shudder!
Technical death triangle
"Diamond bottom" pattern taking shape: Currently, the 1-hour chart has formed an "expanding triangle"—high at $2.95, low at $2.80, with increasing amplitude. This thing is like a compressed spring; a unilateral big move is bound to happen this week!
Main force hidden orders contain killing intent: On-chain data captures a crucial price level stacked with massive chips:
▶ $2.88 sell wall: 140 million XRP sell orders (approximately $40 million) are piled up; the dealer is clearly pressing down.
▶ $2.81 buy orders: 56 million XRP buy orders are ready to bottom out (the last line of defense for the bulls).
Volume exposes main force intentions: Yesterday, when the price spiked to $2.8020, the trading volume suddenly tripled but failed to produce a bullish line—typical "false breakout, true entrapment" routine!
Current market sentiment indicators show "extreme greed," but the委比-0.11% suggests turbulent undercurrents. Do not gamble during low-volume fluctuations! After the US market opens at 20:00 tonight, keep an eye on my live stream for sudden market movements—main force hidden positions + actual trading, teaching you to accurately ambush both bulls and bears!
Fellow traders, do you think XRP will shoot up today or face a sharp drop? Bet in the comments, and if you want to follow my trades in real-time, follow me; the tycoon will only let you eat meat and not drink soup! Paid membership is the lowest threshold for the top tier! The 'True Insights' club is carefully selected and focuses on actionable results!