XRP Today Plummets! Three Key Factors + Technical Signals Fully Analyzed!!

Is this plummet accidental or inevitable? We break it down from both news and technical perspectives.

News: Three Driving Forces Ignite Panic

Federal Reserve's Interest Rate Dilemma

Powell did not clarify the extent of interest rate cuts at the Jackson Hole annual meeting, and the market’s expectations for “aggressive easing” fell through. XRP saw a net outflow of over $2.5 billion in 24 hours, with institutional risk-averse sentiment rising.

US PPI Data Soars

August PPI rose 2.8% year-on-year, exceeding expectations of 2.5%, reigniting inflationary pressures. The market is concerned that the Federal Reserve may slow down interest rate cuts, leading to a short-term increase in the dollar index, putting collective pressure on crypto assets.

Trump's Crypto Remarks Aftermath

Although there were no direct statements today, his 2024 remark of “never sell Bitcoin” continues to be interpreted by the market as “policy uncertainty,” prompting retail investors to choose to “cash out.”

Technical: Fragile Balance in a Volatile Market

XRP 1-Hour K-Line shows:

Range Fluctuation: Prices are fluctuating narrowly between the support level of $2.90 and the resistance level of $3.1, with no clear direction. Insufficient Volume: Trading volume remains between 50,000 and 100,000, far below the amount needed for a breakout, with neither bulls nor bears showing strong intent. Neutral Indicators: The MACD line hovers around the zero axis, and RSI is slightly weak but not oversold.

Exclusive Opinion from Tege: Opportunities and Risks in the Plummet

Short-term Caution for Chain Reactions

If PPI continues to exceed expectations, the Federal Reserve may maintain high interest rates, and XRP must hold the $2.9 support level; otherwise, it could trigger stop-loss orders.

Medium to Long-term Look at ETF Catalysts

The probability of XRP ETF approval by 2025 exceeds 95%, and the inflow of traditional funds could become a turning point. The current plummet may provide long-term investors with a “golden pit.”

Exclusive Operational Advice from Tege

Short-term: Focus on the $2.9 support level; a break below may warrant light short positions; Long-term: Accumulate in batches, as the approval of the ETF may present the last opportunity to get on board.

The Crypto Market's “Policy Dependency Syndrome”

Today's plummet exposes the vulnerabilities of crypto assets, which are overly reliant on macro policies and news. However, the impending XRP ETF is akin to a coming-of-age ceremony; when traditional financial rules fully accept crypto assets, the market may usher in a true maturation period.

Tege's Scythe, Faster than the Market Makers! Follow me to learn how to counter the market's cuts! #xrp #加密市场回调