XRP Long and Short Kill Moment! Will 2.83 Hold or Crash? Must Read for Retail Investors
Today's XRP is like walking on a tightrope—up or down, it all depends on this last shudder! I'll get straight to the point: 2.8385 is the lifeline for longs and shorts. If it slips, it's a fall; if it holds, it will take off immediately!
Technical Analysis:
1. Price Stuck in the "Awkward Zone":
The current price is hovering around 2.84, with resistance at 2.8905 above and support at 2.8385 below.
2.8385 is being supported. The hourly chart has continuously closed with doji candles, indicating that both sides are holding back big moves—whoever strikes first, the market will follow!
Trading Volume "Playing Dead":
Today's trading volume is only 14.69 million, half of what it was a few days ago, indicating that large funds are just watching from the sidelines. A market without volume is like a car without gasoline—you can floor the gas pedal, but it won't go far, so don’t be fooled by sudden price swings!
MACD Playing "Ambiguous":
The fast and slow lines are almost sticking together, and the green bars have shrunk to almost invisible. This pattern usually indicates that a change in trend is imminent. From my past monitoring experience: once XRP's MACD sticks near the zero line, subsequent fluctuations often enlarge suddenly, either with a big bullish candle breaking the shorts or a big bearish candle breaking the support!
News:
Regulatory Wind:
The U.S. SEC has recently made new moves regarding lawsuits in the crypto space, but the overall environment is bearish, making retail investors prone to panic selling.
Bitcoin Setting the Pace:
If BTC stabilizes at 115,000, XRP may follow suit; but if BTC falls below 110,000, XRP will likely struggle to hold on.
Large Holder Address Activity:
On-chain data shows that a giant whale transferred 120 million XRP last night, an operation that usually indicates something is about to happen in the short term!
What Should Retail Investors Do?:
Short-term Players:
Don’t bet on direction! Wait for the price to clearly break above 2.89 or fall below 2.83 before taking action; otherwise, it's easy to get slapped from both sides.
Hodlers:
If it drops to around 2.77, you can accumulate in batches, but don’t let your position exceed 20%, keep enough ammo for black swan events!
If you're unclear about specific entry points, you can follow @船长趋势 for 24-hour real-time updates.
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