Friends, I am Zitan. I just saw a message saying that the US XRP spot ETF secretly flowed in another 8.19 million dollars yesterday. Sounds like good news, right? But what about the price? You open the candlestick chart and see, is it still falling? This situation where good news doesn't lead to a price increase makes even the old investors feel a shiver in their hearts. Today, I will break it down for you in plain language to clarify what tricks the market is playing and what we should do with the coins we hold.
First, let's look at the news:
The data shows that XRP spot ETF funds continue to flow in but the scale is limited: a net inflow of 8.19 million dollars in a single day, with a historical total of 1.13 billion dollars. Total net asset value is 1.25 billion dollars, with a net asset ratio of only 0.98%, indicating moderate market participation. XRP remains a niche asset class in the traditional financial system.
Zitan conclusion: Continuous ETF inflows are a fact, but it has now become an ineffective positive.
Let's look at the technicals:
Upper pressure: heavily layered, the recent strong resistance is near $1.95-1.99, and further up at $2.05 and $2.12 are big mountains.
Lower support: The $1.89 you mentioned is the first observation point. But if it breaks down with volume here, the real test below is $1.78. Further down, technical analysis points to the $1.61 area or even $1.40.
Weakening energy: The MACD's yellow and white dual lines are steadily below the zero line, which is a sign of bears dominating the market. The rebound is weak, and the volume is flat, which is the best proof.
Personal opinion: This is a typical weakness; any rebound to the 1.95-2.0 area is an opportunity to reduce positions or sell high, definitely not a bottom-fishing signal. Be wary of the market continuing to dive; don't be misled by small rebounds; the trend is your only friend.
What should players do: (The operational advice is only half, if you want to know specific points, find me)
If you still hold positions: take advantage of the rebound to the 1.95-2.0 area and decisively reduce your positions; don't daydream. This is a chance to escape, not a charge signal.
If you want to bottom fish while being out of the market: absolutely don't act now! Be patient and wait for it to drop thoroughly. Focus on two key positions: one is to see if it can stabilize around 1.78; the other is if it breaks down, wait for a stop-loss signal to appear in the 1.61-1.67 area before considering entering in batches.
Personal opinion:
Personally, I am currently bearish. The MACD is resting below the zero line, and all rebounds are just false signals. This ETF inflow cannot stop the downward trend. It is highly likely to drop further, first looking at 1.78. If you have positions, take advantage of the rebound to 1.95 and reduce your holdings quickly. If you want to bottom fish, don't reach out now; wait until it drops to the 1.67-1.70 area and then see if it stabilizes.
Where do you think XRP will drop to? 1.67 or lower? Feel free to share your thoughts!
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