XRP Key Market: 2.36 breakout or 2.06 support?

The short-term market for XRP is stuck in a deadlock, making operations crucial. Here are the key points to look at quickly:

Core news aspect

Canary XRP ETF net inflow of $25.41 million ignites market attention, institutional capital injection releases optimistic signals;
Be wary of the sustainability of capital inflows. In the past, increases in capital have not led to significant upward movement, and in the short term, there is still pressure from both technical and fundamental aspects.

Key technical levels

Resistance level: 2.36 is the primary threshold. Once突破, it is expected to hit the 2.46 high pressure zone, initiating upward momentum.
Support level: 2.06 is the core defense line, and breaking it will likely lead to a drop to the bottom support at 1.90.
The 1-hour K-line is in a downward trend, but the MACD has generated a golden cross below the zero line, indicating a short-term rebound signal.

Retail Trading Strategy

1. Do not blindly chase highs, a breakthrough of 2.36 may allow for moderate accumulation, looking towards 2.46;
2. Strictly adhere to stop-loss; be cautious if it does not break 2.36. If it drops to 2.06, you can gradually reduce your position to avoid downside risks.
3. Keep a close eye on ETF fund flows; continuous inflows will open up upward space, while the opposite should be cautious of pressure. #逆势上涨币种推荐 #美联储会议纪要将公布 #比特币行情观察