Watching the trend of XRP, and then coming across this important news from the U.S. Treasury Secretary, I feel we must discuss this thoroughly right away! Tonight's market may be more exciting than you think.
News: 150 billion fell from the sky, can it hit the crypto circle?
The U.S. will refund 1000-1500 billion in the first quarter of next year! This is definitely a super good news, but does this money have anything to do with our crypto circle? Absolutely!
With so much money pouring into the market, even if only a small portion of 'live water' curiously flows into the cryptocurrency pool, it would be enough to stir up a wave. Especially for mainstream coins like XRP with high consensus, they are most likely to attract attention from new funds. But the key is, this effect is not immediate; it needs time to ferment. The main players could completely take advantage of this long-term good news, continue to suppress and accumulate now, and when you all are numb, suddenly launch.
Technical perspective: Is the main force playing the 'wolf is coming' trick?
Talking through the chart. The price is stuck at 1.9061, above is the strong resistance at 2.03, below is the key level at 1.93 and the bottom support at 1.84, this is called 'the dilemma of up and down'.
What is most worth pondering is the MACD! The white and yellow lines are below the 0 axis forming a 'death cross'; this is a standard signal for decline. But Qi He wants to remind you to pay attention to two key words: 'volume' and 'oversold rebound signs'. This indicates that during the decline, a large amount of capital is quietly accumulating, and it cannot be ruled out that 'smart money' is positioning at low levels.
How to play specifically? Qi He will guide you!
For those heavily invested and stuck: If the rebound approaches the 2.0-2.03 range, it's a good opportunity for you to reduce your position and lower risk. Don't keep thinking about recovering all at once; focus on survival first.
For those lightly invested and looking to take a gamble: Keep your eyes fixed on 1.93! If the price retraces here and quickly bounces back, forming a 'lower shadow', you can try a small position for a short-term long trade, but don't be greedy with the target; aim for 1.98-2.0.
Smart people watching from the sidelines: You are now the kings. The best strategy is to wait. Either wait for the price to break through 2.03 with volume and stabilize, confirming a trend reversal before participating; or wait for it to completely drop below 1.84, allowing risk to dissipate before considering it.
First, let me clarify Qi He’s view: Looking only at the 4-hour chart, the downtrend hasn't changed, and the possibility of a direct violent surge to challenge the 2.03 resistance is very small. However, the market won't immediately plummet straight to 1.84. The core focus tonight is the defensive battle around the key level of 1.93! It will become a 'meat grinder' for bulls and bears, and it is key for us to see the direction.
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I am Qi He from the crypto circle. Follow me, and I'll teach you how to catch this wave and eat the whole fish! If you don't know how to time your entry, Qi He will provide real-time analysis in the village, giving you the current best entry point.
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