XRP Life and Death Moment! 1 Dollar or 3 Dollars? Retail Investors Must Know the Latest Trends!
Latest Shocking News in the Cryptocurrency Circle! Technical analysis master Peter Brandt suddenly tweeted, revealing that XRP is facing a life-and-death crisis! This is not an ordinary call, but a top-level warning signal!
Brandt revealed: XRP is forming a deadly "head and shoulders" pattern! If the right shoulder breaks the neckline, XRP may instantly drop to 0.8 dollars. But if it breaks through 2.5 dollars, the bears will be completely destroyed!
On-chain data shows: whales have just transferred out 120 million XRP, and the key talks between Ripple and the U.S. SEC have been postponed to September, with institutional funds continuously flowing in. Moreover, the 4-hour RSI has dropped to 28, indicating a significant increase in risk.
My view: Currently, XRP is in a high-risk zone! If it breaks below the 1.2 dollar support, 0.8 dollars is almost a certainty. If Ripple has any breakthrough, 2 dollars could be a target, but the probability is extremely low.
Binance data shows: the long-short ratio of XRP has dropped to 0.7, with the 0.45 dollar liquidation zone approaching. New investors are advised to wait for two signals to confirm: 1. The daily line recovers 0.5 dollars; 2. Net inflow to the exchange turns negative.
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