Good news but no rise? Is XRP's 38 million dollars the "cure" or the "trap"?
I am Qi He. I just came across a piece of news that made my heart skip a beat, so I quickly came to clarify it with you.
News: It's a big piece of good news: yesterday, the US XRP spot ETF saw a net inflow of 38.04 million dollars in one go! Among them, Franklin's XRPZ took in 31.7 million. This is not a small matter; it's real institutional buying.
Technical aspect: It's a cold shower for me!
If you look at the one-hour chart, the current price is 2.0513, firmly stuck at the key level of 2.0499 that I drew, like someone walking on a tightrope. What's even more heartbreaking is that the MACD double lines are still lying below the 0 axis, in a dead cross state. It's like hearing that a company is going to distribute a huge bonus, but when you look up, your stock's K-line is breaking down; you understand that feeling, right?
The current situation is that the news and technical aspects are in fierce conflict.
Bullish card: The ETF has seen continuous large net inflows, totaling 935 million dollars. This indicates that "smart money" is quietly collecting chips, and they are optimistic about the medium to long term. This is the "fuel" for XRP's potential rise.
Bearish weapon: The one-hour trend is downward, the price is being pressured by moving averages, and the MACD dead cross indicates that short-term momentum is downward. If the entity breaks below the 2.0499 level, it is likely to test the strong support at 1.9947 below.
Qi He's personal opinion:
My judgment is clear: in the short term, it is more likely to follow the technical aspect and test the validity of the support below. The pressure level at 2.1110 now seems a bit distant, like a high mountain. The difficulty of directly surging up is very high before the MACD golden cross and the price re-establishing above the key moving averages.
The divergence between this ETF inflow and the market decline is very unusual. Historically, situations where "good news is not followed by price increase" are often accompanied by two extreme trends: either a violent washout followed by a skyrocket.
Behind this is actually a high-level psychological game played by large funds using news and the market against retail investors. Remember, Qi He doesn't engage in fluff; what you want is "understandable and profitable" content, and what I want is to help you avoid pitfalls and seize opportunities.
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