Dear coin friends, I am Zhao Gongming. The market always gives you a piece of candy in despair and then splashes cold water on you in frenzy. Tonight's $XRP is candy or water? Follow Zhao Gongming, and I'll help you see what the main forces are really playing at.
News: The 'aftershock' of Japan's interest rate hike is still ongoing
Today, the Governor of the Bank of Japan spoke in a 'hawkish' tone, stating that further interest rate hikes are necessary. The global tightening of liquidity remains unchanged, which is a long-term pressure on all risk assets. However, the market rose today—this again shows that after negative news lands, short-term funds will chase a emotional rebound. But remember, a rebound is not a reversal, especially for a coin like XRP that has a long-term weak trend.
Technical analysis: The truth is hidden in conflicting signals
Looking at the 1-hour chart, XRP is still in a downtrend overall, but there is short-term resistance.
Resistance above: 1.92 (key level), 2 (strong resistance, hard to break through all at once)
Support below: 1.82 (first line of defense), 1.7 (second line of defense)
Interestingly, technical indicators show that the 30-minute and 1-hour are 'strong buy', but the 5-hour and 1-day cycles are 'strong sell'. What does this indicate? Short-term funds are bottom-fishing for a rebound, but medium to long-term selling pressure remains heavy. MACD has a golden cross below the 0 axis, and the red bars turning into green bars is a typical signal of a rebound from overselling—like taking a breath after a long drop doesn't mean the illness is cured.
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Zhao Gongming's views and trading suggestions
Zhao Gongming believes that XRP is likely to fluctuate between 1.82 and 1.92 tonight to tomorrow, and the possibility of directly breaking through 2 or instantly dropping below 1.7 is low.
Positioning advice: Hold on and don't make random moves, focus on the pressure at 1.92 and support at 1.82. Do not increase positions before breaking through.
Advice for holding cash and observing: It is recommended to lightly short in the 1.90-1.92 range and lightly long in the 1.83-1.85 range. Remember, these are small position tests; before the trend is clear, stability comes first.
Key action points: If there is a volume breakout above 1.92 and it stabilizes, the short-term rebound may continue; if it falls below 1.82 and accelerates, be alert for further downside risks.
The market always teaches impatient people a lesson. Before the direction is clear, protect your capital; it's more important than how many points you can earn from fluctuations. If you also find the market hard to grasp and can't catch the rhythm, feel free to follow Zhao Gongming. I will share more precise point reminders and main force trends in the chat room, seeking certainty in the midst of fluctuations. #比特币流动性 #巨鲸动向
