I am Qi He. I carefully examined the 4-hour chart of XRP and saw the news about the ETF's furious inflow of 10.23 million USD, which made my heart skip a beat. I feel that tonight's market might not be calm. Many people are asking if it will directly rush to 2.2486 or dip to 1.8710? Don't rush, let me explain it clearly to you.
Look at the news: the 'bullets' of real cash have arrived!
But! Investing in cryptocurrencies is never just about technology. The US XRP spot ETF saw a net inflow of 10.23 million USD yesterday alone! What does this mean? This indicates that large institutions and smart money are voting with real cash, quietly buying the dip during a downturn! This creates a huge contradiction with the market's 'weakness'. What does this indicate? It shows that large funds are optimistic about the future market, but it doesn't necessarily mean an immediate price surge; they might be picking up cheap chips in batches.
Looking at the technicals: the body is very honest, still in 'ICU' observation.
The 4-hour level, the trend line is bending downwards, which is called a downtrend. The price is currently 2.0352, just below the key level of 2.0600. The pressure above at 2.2486 seems far away, while the support below at 1.8710 is deep and unfathomable.
The most critical signal is that the two lines of the MACD are both below the zero axis and have formed a 'death cross.' This indicates that the technical indicators are 'burning out,' telling you that the market is indeed very weak in the short term, and the buying strength is insufficient.
Just looking at the technicals, Qi He's judgment is: the bears still have the upper hand, and trying to reverse and surge directly is too difficult; it resembles 'recovering like pulling silk,' needing to rest and heal first.
Qi He's personal opinion:
Don't ask whether to go up directly or down directly. My view is: the probability of a violent surge to 2.2486 tonight is very small, as the technicals have not adjusted well. However, due to ETF funds supporting the bottom, the possibility of a sudden drop to 1.8710 has also decreased. The greater likelihood is a repeated contest and volatility around the key midpoint of 2.0600.
The market may first try to 'scare' people downwards, testing the level of 2.0 or even a little lower to wash out the weak hands. At the same time, the levels of 2.1 and 2.15 above will be heavy pressure.
I am Qi He. If you don't want to miss that most critical data signal, as well as subsequent more accurate trend deductions, hit follow. Let's keep an eye on the market, to see if this 1023 million dollars can create a golden pit or ignite a fuse!
Pay attention to Qi He, + chat room to help you avoid pitfalls, breaking down subsequent capital trends in real-time, capturing every profit window!
