The Death Signal Has Sounded! XRP Plummets to the Edge of 2.0, But Is June Hiding the Last Glimmer of Hope?

The sound of news thunders, the technical analysis is sharp - XRP is dancing on the edge of a cliff!

News Analysis: Bearish Pressure Looms, June Hard to Turn Around

Regulatory Stalemate Unresolved: The SEC's lawsuit against Ripple was expected to make significant progress in June, but recently the judge rejected both parties' $50 million settlement motion, extending the legal deadlock and hurting market confidence.

ETF Expectations Cool Down: Although Franklin Templeton's XRP ETF application will be ruled on June 17, the SEC has previously delayed multiple times, and the market's reaction to Ethereum ETF approval has been muted, leading to skepticism about the short-term viability of the XRP ETF.

Whales Hold Steady: On-chain data shows that whales holding over 10 million XRP have not made significant buying moves recently, while exchange inflows have slightly increased, indicating potential selling pressure lurking.

Technical Analysis: Death Cross Opens, Downtrend Continuation

Bollinger Bands 'Horn' Pointing Downward: The upper band on the four-hour chart is moving down, the lower band is probing, and the price continues to operate below the middle band (historical low touched 2.0777), with the opening expanding indicating accelerated bearish momentum.

MACD Death Cross Green Bars Widening: DIF (0.0021) crosses below DEA (0.0052), MACD bars drop to -0.0062 and green bars extend, indicating bearish momentum has not yet weakened.

Critical Levels Fully Lost: The price has fallen below the daily support level of 2.30-2.38 USD (original fluctuation center), and if the weekly breaks the psychological level of 2.00 USD, it may trigger a stop-loss wave, dropping to 1.80 USD.

Operation Summary: Avoid the blade, wait for the deep pit.

For Those Out of Positions: Better to miss than to make a mistake! Don't buy the dip around 2.20, wait patiently for the daily to stabilize above 2.38 or for a MACD Golden Cross (DIF crossing above DEA).

Holders: Reduce positions at 2.30-2.40 on a rebound, decisively stop loss if it breaks 2.00.

Observation Point: Can the XRPL Developer Conference on June 10 release positive news? If the news falls flat, the probability of a crash will surge!

The flames of the bulls are flickering in the storm, the next lifeline - is it the iron bottom of 2.00 or the abyss of 1.80? Follow me for analysis and strategies to rescue your investments.