Friends, I am Yuzhe. I just finished studying the primary data carefully and looked at two key charts. Now I have a bit of an idea about the trend of XRP tonight. I want to chat with everyone and discuss how to respond to different situations.
First, let's talk about the news situation. In the US, the XRP spot ETF had a net inflow of 13.21 million USD just yesterday. This is not a small amount; it represents substantial funds and institutions pouring in. So far, a total of 1.07 billion USD has flowed in, which indicates that big money is quietly positioning itself in XRP, not just short-term speculative trading, but genuinely optimistic about it. It's like adding fuel to the fundamentals, making the situation hotter.
Let's take another look at the technical side, which reflects the price trend. Looking at the one-hour candlestick chart, XRP's price is just stuck at the key position of 1.9183, neither going up nor down. If it goes up, 1.9980 is a strong resistance level, like a hurdle that's hard to cross; if it goes down, 1.7703 is a support level that provides some protection. Also, the MACD indicator has formed a golden cross below, which is a short-term bullish signal, but it's below the zero line, indicating that the overall trend hasn't fully shifted from bearish to bullish. Right now, the price has an upward trend, but it has encountered a key resistance level, like a person running forward but being blocked by a wall halfway.
So what should friends who currently hold coins or plan to enter the market do? Don't worry, let Yuzhe give you some advice.
If you don't have any coins in hand and are in a cash position, this current position is a bit awkward, and I don't recommend chasing to buy directly. A more prudent approach is to wait and see. Either wait for the trading volume to obviously increase and break through the range of 1.930 to 1.950, and when it retraces, it should not fall below this range; at this point, you can try buying a small amount.
If you already have coins, and the price is around 1.918, that's pretty much your cost price. You need to set a stop-loss, and you can come to me, Yuzhe, for specifics on how to set it. If the market goes up and reaches the range of 1.990 to 1.998, you need to pay attention; you can appropriately sell a portion, don't be too greedy, and take the profits first.
My personal view is that XRP has a high chance of attempting to break the upper resistance level of 1.9980 tonight. Why do I say that? Because funds have been continuously flowing in, and technical indicators also show a potential short-term rise. These two forces combined mean that it would be unreasonable not to push upwards.
However, breaking through does not mean it can firmly stand above. If it reaches around 1.9980 but the trading volume doesn't keep up and the price can't rise further, it could very likely be a false breakout, and the market will quickly turn down again, retesting the key position of 1.9183. If 1.9183 can't hold, it may next head towards the support level of 1.7703 or even lower. So tonight, the key is to watch the resistance level of 1.9980 and the support level of 1.9183, to see which will be broken.
I am Yuzhe, and I like to analyze the market clearly. If you think my analysis is helpful to you, please follow me. Which direction will the market go tonight? Will it break through the resistance level and rise all the way, or will it encounter resistance and turn downward? Follow Yuzhe, and I will provide a clearer judgment in 'Yuzhe Village' in conjunction with that key signal.
Remember, in the crypto world, just looking at the price is not enough; you need to understand the movement of funds and the intentions behind them to be a step ahead of others.
$XRP #加密市场观察
