XRP's life and death in 48 hours! The sudden appearance of the death cross, is $2.3 actually a trap set by the big players?
Technical analysis: The Bollinger Bands have issued a piercing alert, MACD has shown a death cross, and the SEC's ultimate ruling is entering the countdown — is this $2.3 high frenzy a trap or an opportunity?
The current market hides dangers! Your XRP is standing on the edge of a cliff: the price is stuck at $2.27, with resistance at the intraday high of $2.33 above, and weak support at $2.15 below. Even more dangerously, the Bollinger Bands clearly show that the price is tightly hugging the upper band — this is usually a clear signal of a short-term peak!
The MACD indicator has sounded the red alert! Upon closer inspection: the DIF line has crossed below the DEA line, and the MACD histogram has turned from green to red! This textbook-level 'death cross' pattern often indicates that downward momentum is accumulating. Historical data brutally tells us — every time this signal appears, XRP averages a drop of over 8%!
Breaking news: SEC's ultimate ruling is entering the countdown!
As technical alarms blare, a decisive battle that will determine XRP's fate is about to erupt:
Ultimate showdown on July 13: The Southern District Court of New York will announce the key results of the pre-trial meeting, which likely marks the final chapter of the SEC vs. Ripple legal battle. If Ripple wins again, it could trigger a violent surge like last July, soaring by 70% in a single day!
The SEC's 'revenge' sword hangs high: Even if Ripple wins, the SEC is likely to appeal quickly, and the market may experience severe fluctuations again. Cryptocurrency lawyer Jeremy Hogan warns: 'The final settlement may take years, during which volatility will become the norm.'
Bitcoin ETF triggers a ripple effect: The approval process for Bitcoin ETFs by giants like BlackRock is accelerating. If approved, the entire crypto market will receive a nuclear-level influx of funds, and XRP is bound to soar!
High profits coexist with risks! Tonight's operations are a life-and-death manual
Lifeline at $2.15: If it breaks down with high volume, decisive stop-loss must be taken! The next defense line looks at the psychological level of $2.0.
Breakthrough at $2.33 can be pursued: If it breaks the previous high with volume, a small position can be followed, aiming directly at the strong resistance area of $2.5.
Gold position rule: Individual positions must not exceed 10% of total funds, and before the SEC ruling, it should be tightened to 5%! As long as there is a green mountain, one need not worry about firewood.
$XRP
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