Friends, I am Qi He! I just checked the K-line chart and found that XRP is about to do something big tonight. The one-hour chart is clearly falling, but the MACD has quietly crossed bullish, it’s like a 'silent war'. Many fans are asking me: 'Qi He, is XRP going for 2.0 tonight or crashing to 1.76? Should I go all in or run away?' Don't worry, as your senior financial analyst, I will explain it clearly in simple terms and share some trading insights to ensure you feel confident after reading!
News: A great benefit is here, don't take it lightly!
Looking at the news again: The US XRP spot ETF saw a net inflow of $8.44 million in a single day! Brothers, this is not a small amount, especially Bitwise's ETF, which attracted $5.18 million in a day, with a total historical inflow of $253 million. What does this mean? Institutions and large funds are bottom-fishing XRP through official channels, which is a real benefit! Furthermore, with the Federal Reserve possibly lowering interest rates, global liquidity expectations are rising, and the cryptocurrency market is likely to benefit. These news pieces are like gasoline, ready to ignite the market at any moment.
Technical aspect: Hidden dangers in a downtrend.
First, take a look at the market: XRP's one-hour chart is indeed falling, with the price stuck at the key level of 1.8648, like hanging in mid-air. There is a resistance level at 2.0000 above, like a big mountain; below, there is a support level at 1.7600, like a safety net. But strangely, the MACD white-yellow line has already crossed above the 0 axis, forming a golden cross, which is a typical bullish signal, indicating that bullish funds are secretly entering the market! However, the trend is downward, which is contradictory, right? This is the trap of the market: it seems to be collapsing, but it might actually reverse. My experience is that such times often indicate a change is imminent, so keep a close eye tonight!
What should players do? Remember these three points for trading cryptocurrencies!
Don't go all in, play in batches: If you haven't entered the market yet, you can try taking a small position near 1.86, with a stop loss set below 1.76, targeting first at 2.0. If it breaks through 2.0, then increase your position to chase the rise. Remember, position management is crucial!
Set a stop loss, protect your capital: The biggest fear in cryptocurrency trading is greed. Whether you are bullish or bearish, always set a stop loss.
Watch the sentiment, follow the trend: The funding rate is negative, indicating that the bears have not yet exited, and there may be short-term volatility.
Personal opinion of Qi He: If it goes like this tonight, keep an eye on these two positions!
Tonight, XRP is likely to rebound first, attempting to challenge the resistance level of 2.0000. The reason is simple: MACD golden cross + ETF fund inflow, giving bulls confidence. However, if the trading volume does not keep up during the rise, it may face resistance and fall back near 2.0000, retesting the key level of 1.8648; if it breaks below here, and the bears exert pressure, then we need to be wary of a drop to the support at 1.7600. In simple terms, look for 2.0 above and hold 1.86 below; if it breaks, watch for 1.76. The critical moment is in these few hours!
I am Qi He from the cryptocurrency circle, follow me for tips on how to seize this market wave and profit! If you don't know how to time your entries, Qi He will provide real-time analysis in the group and give the best entry points.