Wang Pang refers to the latest market data and analyzes the XRP market from technical, capital, and macro factors to provide some reference for investors.
Currently, the XRP price fluctuates around $3, in a range-bound consolidation. Since mid-July, it has mainly consolidated in a narrow range between $2.76 and $3.20, with ATR decreasing, and K-line amplitude becoming smaller, indicating an imminent directional breakout.
From a technical indicator perspective:
• The price is above $2.95 and the 100-hour simple moving average, which serves as short-term support.
• The 4-hour MACD is accelerating in the bullish zone, but we need to see the price break through key levels to determine overall momentum.
• The hourly RSI is above 50, indicating that short-term momentum is not too weak.
• On the hourly chart, XRP/USD has formed an ascending channel, with current resistance around $3.12.
Capital and on-chain data indicate:
• Since mid-August, whale addresses holding 10 million to 100 million XRP have cumulatively increased their holdings by about 250 million XRP (worth approximately $750 million), suggesting that large investors are optimistic about the market's future.
• In the past three weeks, the exchange's XRP reserves have decreased from 3.77 billion to 3.27 billion (a decrease of 13.3%), the lowest in a year. The selling pressure has decreased, and tokens are flowing into private wallets.
However, investing in XRP carries risks:
• The dynamics of Ripple, regulatory policies (such as ETF application progress), and macroeconomic events could all affect XRP prices.
Wang Pang's operational suggestion is to take a light long position around $2.8231 - $2.8261, with a target of $2.8618 - $2.9189. Lastly, a reminder to everyone: the market changes rapidly, preserving your principal and implementing good risk control is the key. #Xrp🔥🔥
Wang Pang combines the latest data to analyze the DOGE market from technical aspects, capital, and macro factors for investors' reference.
Recently, DOGE has been fluctuating around $0.218, with a nearly 3% drop in 24 hours. However, the sentiment in the Binance derivatives market is bullish, with long accounts accounting for 75% and short accounts only 25%.
In terms of technical indicators:
• The TD Sequential indicator on the 4-hour chart has signaled a buy, indicating a potential short-term rebound.
• The daily chart may be forming a "cup and handle structure" (a bullish pattern) that needs to break the neckline resistance to confirm.
• The nearest support level is at $0.215, followed by $0.19-$0.21; the recent resistance level is at $0.225, with key resistances at $0.244 and $0.277.
Risks to note:
• DOGE is a Memecoin and has high volatility. The range of $0.215-$0.225 has many long and short liquidation orders; a price break above or below could trigger a chain liquidation, increasing volatility.
• The trends of mainstream coins like BTC and ETH will affect DOGE, so it’s important to pay attention to overall market sentiment.
• Updates from Elon Musk, changes in regulatory policies, and progress on Dogecoin spot ETF may also influence prices.
Wang Pang's operational advice: Consider entering a light long position near $0.21678—$0.21728, targeting $0.22138—$0.22858. Lastly, a reminder: the market changes quickly, so it's essential to manage risks and protect your capital above all else. #DOGE
Wang Pang combines the latest market data of BTC, analyzing from technical perspectives, capital movements, and macro factors for everyone's reference:
On August 30, BTC fluctuated around $108,000, dropping more than 3% in 24 hours. Previously, it fell from a daily high of $112,652 to $108,198, mainly due to a sell-off of 24,000 BTC (worth over $2.7 billion). Now, it has retraced about 10% from the historical high of $124,496 in mid-August.
From the technical indicators:
• The 4-hour MACD bars have remained negative and are lengthening; the bears are still dominant, and the short-term momentum is weak.
• The KDJ value is around 64 in the neutral zone, showing neither a golden cross nor a death cross, suggesting the market may experience fluctuations.
• The short-term moving averages are in a bearish arrangement, with prices breaking below all major moving average supports, indicating a downward trend.
• The nearest support level is $107,414, followed by $106,408, and further down, the range of $105,000 to $100,000 serves as significant psychological support. The resistance levels to watch are around $109,772 and $111,277, with stronger resistance at $113,453 and the $114,000-$116,800 area.
Additionally, the cryptocurrency market is highly volatile; for instance, on August 29, $13.9 billion worth of BTC and ETH options expired, which may lead to more severe short-term price fluctuations. Attention should also be paid to the overall sentiment in the cryptocurrency market, the performance of US stocks, as well as the impact of Federal Reserve policies and geopolitical macro news.
Wang Pang's operational advice: consider light long positions near $108,289-$108,419, targeting $109,089-$109,789. Lastly, it's worth noting that the market is unpredictable, and one must prepare defensively to preserve capital for future opportunities. #BTC☀
Wang Pang combines the latest data on ETH to provide analysis and reference based on technical aspects, funds, and macro factors:
On the morning of August 30, ETH briefly fell to $4300, down 1.44% for the day, and later rebounded to around $4335. This is a technical adjustment following the new high of $4956 on August 24. Although it is a bit weak in the short term, the overall trend for this month is still upward, with an increase of about 17% in the past month.
In terms of technical indicators:
Short-term moving averages like the 9-day EMA are flattening, and the 20-day EMA (around $4075) can still provide support, but the price is below the 50-day and 200-day moving averages, indicating short-term pressure.
The MACD is in the negative zone, with bears in control, but the histogram is narrowing, suggesting that selling pressure may decrease.
The RSI is at a neutral level of 50-55, not overbought or oversold, indicating a relatively balanced market.
In terms of funds and sentiment:
ETF inflows are impressive, with a net inflow of $1.83 billion in spot ETH ETFs over the past five trading days, compared to just $171 million for Bitcoin ETFs. BlackRock and others saw a single-day inflow of $233.6 million in ETHA, accounting for 81% of that day’s total.
Companies are increasing their positions, such as BitMine Immersion holding 1.71 million ETH ($7.9 billion), with total corporate holdings at $10.1 billion. Large whales also transferred $1.2 billion from Bitcoin to ETH, indicating institutional confidence in long-term value. Although there are 1 million ETH queued for withdrawal from staking, ETF inflows can absorb selling pressure. The network transfer volume in August exceeded $320 billion (a new high since May 2021), and the number of active addresses ranked second in history.
Wang Pang's operational advice: Lightly long near 4388.68—4391.89, with a target of 4448.89—4489.68. Finally, a reminder: the market is volatile, maintain defenses, and preserving principal is key to having opportunities. #ETH🔥🔥🔥🔥🔥🔥
Wang Pang combines the latest market data of SOL to analyze from the technical perspective, capital movement, and macro factors, for everyone’s reference:
The current price is hovering around $205. The last 4-hour candlestick is a bearish candle, with the closing price lower than the opening price, and trading volume is low, indicating that the market is not very active.
In terms of technical indicators:
• The MACD histogram is still positive, but it's gradually getting shorter, indicating that bullish strength is weakening, and there is no obvious trend for the time being.
• The KDJ value has reached 93, which is in the overbought zone, and a short-term pullback may occur, but there has not yet been a death cross or golden cross.
• The support level is first seen at $187, followed by $184.5, and then positions at $201, $197, and $193; the nearest resistance level is $221, and after breaking through, it may test $221.74, with further resistance at $206, $209, and $213.
Risks to note: The current market sentiment and trading volume are average, with both price and volume declining, so it is important to be alert to volatility risks. Additionally, the overall cryptocurrency market and the trends of BTC and ETH will also affect SOL, so keep an eye on the broader market.
Wang Pang’s trading suggestion: Consider lightly going long around $204.88—$205.38, with a target of $207.98—$210.58. Lastly, the market changes quickly, so be prepared to defend and preserve capital for future opportunities. #solana
Wang Pang discusses the situation with ADA, saying a few simple words:
Recently, ADA has shown strong resistance to declines; when the broader market was generally falling, it instead rose by 3.5%, making it the only one among the top 50 coins to go up. It has also risen 20% in the past week. Although market sentiment is relatively cautious, its performance is considered strong. It is currently fluctuating between $0.89 and $0.91, and if it can stabilize, there may be room for further increases.
Key levels to remember: the support level is at $0.89, which is the core of the short-term uptrend; if it breaks below this, it may drop to $0.84. The resistance level is at $0.98; if it can effectively break through, buying interest may become more active, and it might even push to $1.02 or higher. Additionally, ADA has also experienced a golden cross, which historically tends to lead to good increases after this signal. However, the recent surge in volume, while indicating high buying enthusiasm, should be approached with caution regarding the risk of stagnation with increased volume or a decrease in volume for a pullback.
In terms of market influence, Bitcoin's situation is very important: if Bitcoin cannot hold the support level of $117,000-$118,000, it might fall to $105,000-$110,000, which would likely drag ADA down as well. The overall liquidity of altcoins is also significant; if the broader market stabilizes, funds may shift to strong altcoins like ADA.
Risks should also be noted: the U.S. PPI inflation rate is at 3.3%, which is considerably higher than expected, and the uncertain macro environment may lead to greater market volatility. Additionally, there have been instances of large funds reducing their holdings of ADA in the past; if the price rebounds, it may encounter selling pressure.
Wang Pang recommends: consider lightly buying near $0.8145-$0.8175, with a target of $0.8250-$0.8301. Lastly, with many variables in the market, it’s important to be defensive and protect your principal first and foremost. #ADA
Wang Pang talks to everyone about the situation of XRP, saying a few words:
Key price levels to remember: Resistance first looks at $3.12. If it can break through, we could see $3.15 in the short term, and if that breaks, there is hope to test $3.25. Support mainly looks at around $2.99, with the more important level at $2.95—if it falls below and doesn't stabilize, it could drop deeper, looking at $2.92 or even $2.86 (this position corresponds to the Fibonacci support of the previous rally).
Recently, XRP trading has not been very active, but the technical indicators are decent: the four-hour MACD is in the bullish zone, and there is a sense of acceleration, indicating that the short-term upward momentum might need a boost; the RSI is also above 50, giving a slight advantage to the bulls. The hourly chart looks like it's in an ascending channel, with resistance still at $3.12. If it can break through the upper boundary with volume, the short-term upward trend might be more stable.
There is also some good news supporting this: since mid-August, large whales have accumulated about 250 million XRP (approximately $750 million), indicating that big funds might be optimistic about the upcoming market. Additionally, in the past three weeks, XRP in exchanges has decreased by 13.3%, leaving only 3.27 billion, which is the lowest in a year. This indicates that selling pressure has lessened, and people might be transferring coins to their wallets to hold.
Wang Pang's trading advice: Buy lightly around $2.8558-$2.8658, targeting $2.8838-$2.9038. Lastly, it's important to note that the market is full of uncertainties, so one must be defensive and protect the principal as the top priority. #Xrp🔥🔥
Wang Pang talks to everyone about the situation of DOGE, let's briefly summarize:
The support level to watch is $0.21, which is a psychological barrier; there's also the range of $0.207-$0.21, if it falls below that, it might drop faster. As for resistance, recently it's $0.2268, and further up at $0.2303 is a stronger barrier, if broken, it might even touch $0.24.
On the indicators, MACD shows that the bullish momentum is decreasing, and the bars are getting shorter; RSI is between 40-47, which is neither strong nor weak, and has not reached overbought or oversold levels. Recently, the trading volume is also low, making it hard for the price to rise.
The market's long and short liquidations are not very balanced, and the volatility is quite high, so caution is needed with high leverage. The Fear and Greed Index is at 51, neutral.
In the short term, the next four hours may see some weak fluctuations. If it can hold above $0.21, it might try to challenge the resistance at $0.2268-$0.2303; if it can't hold, it may quickly drop to $0.207 or even lower.
Pay attention to these points: for the price to rise, the trading volume must significantly increase; otherwise, the breakout won't count; DOGE closely follows BTC, and if BTC remains weak, DOGE will also struggle; keep an eye on the long and short liquidation ratios, if they differ too much (for example, 3444%), the volatility may become more intense; also watch for any movements from Musk and SEC news regarding Memecoins, as these could lead to significant market changes.
Wang Pang suggests: to buy long with a light position around $0.21285-$0.21395, aiming for $0.21635-$0.22185. Lastly, given the many uncertainties in the market, it's crucial to be defensive and protect your capital above all else. #DOGE
Wang Pang talks about the situation of ETH, summarizing the key points for everyone:
The support level mainly looks at 4371-4400, which is the Fibonacci support, the position of the 4-hour EMA7, and there are large whales accumulating here; the resistance level is at 4650-4683, which is the area of concentrated trading at previous highs and also a zone where shorts can easily get liquidated.
Currently, the battle between bulls and bears is quite intense, and the amount of ETH in exchanges is decreasing, possibly because everyone prefers to hold onto it. However, if the bulls are too crowded, they should be careful of getting liquidated.
The short-term trend is slightly bearish with some volatility. The MACD shows that the bullish momentum has weakened, KDJ is neutral, and the price is fluctuating near the support, so we need to keep an eye on whether it can hold.
In terms of operations, for long positions, if 4400-4430 holds steady, one can try a small position, setting the stop-loss below 4380, with a target of 4550-4600; for short positions, if it rebounds to 4600-4630 and the price fails to move up (for example, if a long upper shadow appears), one can try a small short position, setting the stop-loss above 4650, with a target of 4500-4450.
Remember, no single trade should exceed 5% of total capital, and always set your stop-loss properly.
Also, pay attention to risks: changes in Federal Reserve policy, significant movements in whale addresses, large amounts of ETH being unstaked (more than 100,000 pieces in a day could crash the market), and if the support level breaks, the drop could be even faster.
Wang Pang suggests to take a small long position around 4365-4375, with a target of 4425-4495. Lastly, remember that the market is full of uncertainties, so it's important to defend and protect your capital above all. #ETH🔥🔥🔥🔥🔥🔥
Although XRP did not reach the second target of 2.8550, it only dropped to 2.8980, which is fine. The first target was achieved, and the president's strategic direction is correct #Xrp🔥🔥
1. Current Price and Key Levels XRP is currently priced at $3.01, with a decrease in 24-hour trading volume, and market activity has declined. Resistance levels are initially at $3.01 (short-term pressure), followed by $3.33 (breakthrough key). If it breaks through, it may rush towards the historical high of $3.65. The key support level is at $3.00 (large holder cost area + psychological barrier), and below that, $2.72 is the line of life and death; a drop below that could turn bearish.
2. Technical Signals
• Range Fluctuation: Recently oscillating between $3.00 and $3.30, with $3.33 acting like an iron gate suppressing the price.
• MACD: The red bars on the four-hour chart are getting shorter, indicating the bulls are losing strength; the weekly chart is showing a top divergence, indicating a potential drop.
• Bollinger Bands: The price is pressed against the middle band ($3.00), and it needs to stabilize to reach the upper band ($3.30).
3. Capital and Risk
• Large Holder Support: In the past two weeks, large holders with 10 million to 100 million coins have increased their holdings by 250 million coins ($750 million), with the cost around $3.00, making it difficult for a short-term drop.
• Decreased Selling Pressure: The exchange's XRP reserve has dropped to 3.27 billion coins (a yearly low), reducing the available supply on the market.
4. Bull-Bear Game
• Bullish Points: Ripple has just partnered with 20 million merchants in Japan, using XRP and RLUSD for cross-border payments, which is bullish in the long run.
• Risk Points: Expectations for Federal Reserve interest rate hikes are rising, Bitcoin's sideways movement is dragging down altcoins, making it difficult for XRP to sustain an independent rise.
Wang Pang's Recommendation: Try short positions near $3.0153 with light positions, targeting $2.9353 first, then $2.8553. Finally, a reminder: the market turns faster than flipping a book, so manage your stop-loss and protect your capital as the top priority! #Xrp🔥🔥