Crypto friends, the God of Wealth has arrived! $XRP This trend really makes people conflicted—on one hand, there's the 'good news' of an ETF inflow of 8.19 million dollars in a single day, while on the other hand, the harsh reality of technical indicators showing a full 'strong sell.' Should we trust the news or the technicals? Follow the God of Wealth, and I'll help you analyze what to do!
The truth about funds: the 'slow money' of ETFs cannot withstand the 'sharp knife' of futures.
Don't be fooled by the slow buying of ETFs; the capital in the futures market has been almost entirely flowing out net from 5 minutes to 10 days, especially as short-term funds are fleeing rapidly. This indicates that large funds are using ETF news as a cover for retreat, and there aren't many who truly believe in a continued rise in the actual gaming field.
Technical reality: The dead cross is below the 0 axis, 1.909 is a strong resistance.
In the 1-hour chart, the MACD dead cross is below the 0 axis, with red bars turning green but energy shrinking—typical of a downward continuation. Key resistance is 1.909, strong resistance at 1.95, and with the current volume, it simply cannot break through. A total of 19 sell signals against 3 buy signals from moving averages and technical indicators shows a clear bearish advantage.
Daily sharing from Rui Shen, if this helps you, you can follow Rui Shen, join the chat room to get first-hand news and entry points!
Rui Shen's clear viewpoint: Bearish, looking for opportunities after a decline.
Rui Shen believes that XRP is unlikely to break through 1.909, and it is more likely to drop below the support of 1.837, testing the second support level at 1.77. The logic is: the technical bearish pattern is complete, continuous outflow of funds, and the ETF benefits have not stimulated buying pressure—this is a case of 'not rising when it should, hence bearish.'
Retail trader operation suggestion:
Suggestion for holding positions: If the position is not heavy and the cost is above 1.85, it is recommended to continue holding and wait for the price to approach 1.77 before considering whether to add to the position to lower costs. Heavily positioned traders should reduce their positions during rebounds.
Suggestion to wait and see: Currently, it is not advisable to chase shorts at this position, as the risk-reward ratio is not favorable.
Wait for signals to buy the dip: Patiently wait for the price to drop to the range of 1.77–1.80, and observe if there is a strong bullish reversal with increased volume. At that time, consider gradually positioning for a medium-term long position, betting on the medium to long-term effects of ETF funds.
Rui Shen announces three strategies in the chat room every day. If your position is not 5000000, please follow Rui Shen's real-time suggestions to avoid liquidation risks. The current market is unpredictable, and every fan has different positions, follow Rui Shen, and get real-time updates on the entry points announced by Rui Shen in the chat room! #加密市场观察 #美联储回购协议计划
