The Night Before the Surge of #XRP ! SEC Ruling + Technical Breakdown, Is Today the Last Chance in August?
News: Dual Engines of Regulation + Institutions, Is XRP Ready to 'Take Off'?
The final ruling of the US SEC on the Ripple case will ignite the crypto world! If the SEC acknowledges that XRP is not a security, combined with the CME's launch of XRP futures + countdown to ETF approval, institutional funds will flood in. Data shows that the probability of XRP ETF approval has exceeded 80%, and XRP surged 65% in July due to similar positive news—history is repeating itself!
Technical Analysis: Is $2.93 the 'Golden Pit'?
The 1-hour candlestick chart reveals the intentions of the main players:
Double support resonance: $2.93, with a historical rebound rate of over 70%; long lower shadow + bottom divergence: yesterday's 'golden needle bottom', MACD green bars shortening, bears are exhausted; the $3.05 resistance level becomes a springboard: once broken, it aims for the $3.15 'Bull-Bear Line'!
Golden Sentence: The news is fire, the technicals are oil, the intersection of the two is the fuse for a surge!
Operational Strategy: Buy in batches to lock in profits
Short-term: Buy 30% of positions between $2.90-$2.95, stop loss at $2.85, target $3.05
Medium-term: If SEC ruling is favorable + ETF approval, XRP could surge to $4.2, even aiming for $6-$8!
Financial Month Reminder: Don't step on these 2 landmines!
Beware of 'Profit Taking': If the ruling is delayed, XRP may retrace to $2.6, which could be a buying opportunity; steer clear of 'Shady Contracts': Recently, small exchanges have had frequent 'spikes', only operate on major platforms.
Are you ready for the next wealth myth?
Tonight, XRP will encounter a dual breakout point of 'news + technicals'! Will you seize the 'once-in-a-decade' opportunity at $2.93, or wait to chase high at $4?
The crypto market is never short of opportunities, but what’s lacking is the mindset of 'staying calm in panic and exercising restraint in greed'.
Remember, there are no experts in the crypto world, only 'survivors'. Are you ready to be the 'sickle' or the 'chives'? Let me know in the comments!