$XRP Can XRP reach $10,000? A calm observation amidst the frenzy
The market is buzzing about XRP's target price, ranging from $100 to an astonishing $10,000. What’s the logic behind this?
📈 Bullish Views:
1. Technical Pattern: Analysts point out that if the “bullish flag” holds, after testing the $1.90 support, it may look towards $10. 2. Long-term Expectations: Wave theory analysis suggests that the price could aim for $6 in 2025. 3. Potential Catalysts: The application process for the XRP spot ETF is under close scrutiny and could become a catalyst for upward movement.
⚠️ Potential Risks:
1. Key Support: If it falls below $1.80, the short-term bullish pattern might be disrupted. 2. Regulatory Variables: Although the ruling in the Ripple vs. SEC case is favorable, overall regulatory uncertainty in the industry still exists.
What do you think? Is XRP a real potential or a market bubble? Feel free to share your insights in the comments! #加密市场观察 #Xrp🔥🔥 #币安HODLer空投ALLO
The essence of the market in the cryptocurrency world hasn't changed at all over these years. You really don't need to look at the media, analysts, or a bunch of noise on Twitter; there are only three truly useful indicators—Fear and Greed Index, funding rate, and open interest.
When the whole network is in panic, and prices keep falling, but the funding rate and open interest are surging, what does that indicate? It indicates that while everyone is shouting "it's over," they are actually going long. When the final moment arrives, a big bearish candle appears, and all the long positions are liquidated, that's when the bottom truly emerges.
The reverse is also true. Everyone keeps shouting that a bull market is here, the sentiment is extremely greedy, but the funding rate starts to drop while open interest continues to rise; this indicates that they are secretly shorting. When the price reaches the peak and they can't hold back any longer, starting to collectively chase longs, that's basically when we can expect to see the top.