XRP Today's Market! Supported by Three Major Bills but Manipulated by Whales!
Hey folks, this morning XRP's five-minute chart played the 'manipulation' game again—opening with a spike only to crash back, with a volatility of just 0.15%, pure contract meat grinder! The whales are clearly positioning: there are sell orders piled up at $3.4580 above, the midline at $3.4373 is the line of life and death, and if it breaks down, we’re looking directly at $3.4165 for support below.
1. News Exploded! Three Fires Ignited the Market
1. The Three Major Bills in the U.S. Are Supporting:
The CLARITY Act designates XRP as a 'commodity' rather than a security, greatly reducing regulatory risks;
The GENIUS Act gives Ripple's stablecoin RLUSD the green light, equating to issuing a 'printing license';
The Anti-CBDC Act rejects central bank digital currencies, allowing XRP's decentralized payments to win effortlessly!
This wave led to an 18% surge in XRP in a single day, hitting a historical high of $3.64, with a market cap exceeding $200 billion!
2. SWIFT Cooperation Doubts:
Industry bigwig Vincent hinted that SWIFT might use Ripple and XRP for cross-border settlements. If this happens, it would be a nuclear-level positive—traditional financial giants bowing down, and global banks using XRP!
3. Historical Fractal Mysticism:
Analyst Egrag stated: July 21 is the peak day for the XRP cycle, but seasoned investors know: we must first stabilize above $3.45 to have a chance!
2. Beware of Team Dumping!
Ripple co-founder Chris Larsen has a long-standing tradition—new price highs must cash out! This time, $26 million XRP has been transferred to Coinbase, be cautious of sudden selling pressure.
3. Operational Strategies
Short-term: Keep a close eye on the midline at $3.4373; if it breaks down with volume, go short, targeting $3.4165;
Breakout: Stabilize above $3.45 with volume, chase long positions looking at $3.62;
Ambush: Wait for a pullback to $3.18 or solid news on SWIFT.
To be precise, the news is explosive, but the technicals are sluggish! The whales are waiting for incremental funds, and retail investors shouldn't rush to go all in.
Follow Yangming, our professional team will guide you to accurately target swing points, keep up the rhythm and let your assets take off! Yangming steadily doubles your position with low leverage, private sector contracts.
