Crypto friends, I am Zhao Gongming! Just today, a significant piece of data that the market has overlooked has emerged, revealing the key signals for XRP's imminent launch. The net inflow of the U.S. $XRP spot ETF has surged to 20.17 million dollars in a single day, and smart money is betting real cash on XRP's explosion! Follow Zhao Gongming to understand the upcoming market trends for XRP!
News: Institutional funds have initiated a 'buying spree' mode, with ETF inflows hitting a recent high.
Latest data shows that the net inflow of XRP spot ETF broke through the 20 million dollar mark yesterday, with the Franklin ETF attracting 8.7 million dollars in a single day. This is the most direct reflection of institutional funds' attitude — they are continuously 'scooping up' during the market consolidation period. This level of capital inflow is certainly not short-term speculation, but a clear endorsement of XRP's long-term value. While retail investors are still hesitating, institutions have quietly completed their low-position layouts.
Technical analysis: The golden cross has been established and stabilized at a key position, with a perfect multi-period 'buy' resonance structure.
The 1-hour candlestick chart clearly shows the accumulation structure before the rise. The price has successfully stabilized at 2.0371, firmly holding the key psychological level of 2.0. The MACD has formed a golden cross, with the white line above the 0 axis, confirming the upward trend. Although the current energy bars have slightly shrunk, this is more likely the last accumulation before the assault on the strong resistance level of 2.15.
What's more exciting is that the technical indicators from the 1-hour to the weekly charts have almost all signaled 'buy' or 'strong buy', forming a rare multi-period bullish resonance.
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Zhao Gongming's views and strategies
I firmly hold a bullish view on XRP's future. The continuous influx of institutional funds, combined with the multi-period bullish resonance formed by technical analysis, constitutes a solid foundation for the initiation of a trending market.
Positioning advice: Please hold your chips steady and remain patient. The primary target is to pay attention to the price's challenge of the 2.15 resistance level. Once a breakthrough occurs, the upward space will be completely opened.
Observation advice: It is not recommended to chase prices at the current position. One should patiently wait for the market to provide a more ideal entry point. Focus on the price's stability performance when it retraces to the support area of 2.02-2.04, viewing it as an opportunity to position.
If you don't know the specific entry timing and exit points, and for those holding positions, you can follow Zhao Gongming. Zhao Gongming will announce the daily cryptocurrencies and entry/exit points in the chat room! #加密市场反弹
