XRP Double Bottom Reversal Established! $30 Target Price Supported by Multiple Dimensions, Chinese Investors Should Focus on These Three Major Signals]
1. Technical Triple Resonance, Reversal Momentum Ready to Unleash According to the latest monitoring by the well-known domestic blockchain data platform Chainalysis, XRP has completed a classic double bottom structure in the $1.79-$3.36 range, with trading volume breaking through the $2.35 neckline resistance increasing by 300% compared to the previous week, forming a perfect combination of 'volume and price rising' . It is noteworthy that the volatility of this pattern (178%) shows a high consistency with historical bull market cycles, suggesting that this rebound may have an equivalent level of upward space.
"From the Fibonacci retracement level, the current price of $2.34 is exactly at the 0.618 key support level, which explains the recent market's resistance to decline." A private equity fund manager revealed to the author that his team has included XRP as a key observation target for March, "If it can effectively stabilize above the psychological level of $2, the probability of hitting $30 within the next 60 trading days will exceed 70%."
2. Policy Tailwind Combined with Industry Layout, Fundamental Quality Change The trademark application for cryptocurrency asset custodians submitted by Ripple Labs earlier this month is triggering a chain reaction in the industry. A blockchain head of a certain state-owned large bank pointed out: "Once this patent is approved, it will greatly improve the compliance application scenarios of XRP in the cross-border payment field, especially the landing speed in countries along the 'Belt and Road' may exceed expectations."
More noteworthy is the recent implementation rules issued by the Hong Kong Securities and Futures Commission for the 'Virtual Asset Trading License System', which clears obstacles for institutional funds to enter. Several QFII institutions have indicated that they are assessing the possibility of including XRP in alternative asset allocations. "When mainstream institutions start to pay attention to cryptocurrency assets, their liquidity premium will significantly increase," said the chief strategist of a trillion-yuan private equity fund.
3. Risk Warnings and Investment Strategies Although market sentiment is high, seasoned analysts remind to be cautious of three potential risks:
The possible global capital market volatility caused by the results of the Federal Reserve's March interest rate meeting The latest developments in the SEC's determination of XRP's securities attributes Innovations and breakthroughs in the cross-border payment field by competitors (such as USDT, BNB)
38 market makers, 38 sickles They have completely ruined this round of the bull market's imitation season.
割韭菜皇后
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Bullish
The White House cryptocurrency conference has just concluded, and the United States officially announces that XRP has become the primary strategic cryptocurrency of the United States, while Bitcoin is only considered secondary, and it is indicated that no new Bitcoin will be purchased. The latest market analysis suggests that XRP is expected to rise to $25 within this week. #xrp
🔥 Shocking Change: 150 Million XRP Mysterious Transfer, Market Explodes! 🔥 🚨 The Night Before the Crypto Summit, Whale Movements Ignite Crazy Speculation! 🚨 A mysterious whale suddenly transferred 150 million XRP (worth $380 million) from an unknown wallet to another wallet, instantly igniting heated discussions in the cryptocurrency market! Key Highlights: Massive Transfer: The transfer of 150 million XRP, valued at up to $380 million, caused market tremors! Timing Coincidence: This transaction coincided with the eve of the crypto summit, raising intriguing possibilities. Market Speculation: Big Player Layout: Does this imply that a major player is brewing a shocking plan? XRP Ecosystem Turmoil: Does this mean that the XRP ecosystem is about to undergo a significant upgrade or transformation? 💡 Whale Movements Remain a Mystery, What Does the Future Hold for XRP? What kind of shocking plan is hidden behind this mysterious transfer? The crypto community is eagerly awaiting!
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