XRP's recent 4-hour chart movement indeed leaves holders a bit conflicted. This rally has already taken shape, but is it just a short-term rebound or the true beginning of a trend? The key still depends on the combination of news and technical analysis.
**Reality Check on the News Side**
Galaxy Digital's leader recently poured cold water, bluntly stating that XRP needs to prove it’s more than just an asset built up by fans; it also needs real-world applications to back it up. Compared to chains like SOL, XRP’s on-chain active addresses are not particularly prominent. What does this imply? It suggests that if the current rally relies solely on market sentiment and follow-the-leader speculation, once the overall market turns or the positive news is fully priced in, retail investors who follow the trend may exit quickly. This poses a hidden risk for the upcoming price movement.
**Neutral Signals from Technical Analysis**
From the 4-hour perspective, the bulls are still in the game. Both the fast and slow MACD lines are above the zero line, indicating decent short-term momentum. However, the price is currently stuck at the critical level of 1.8965, somewhat like walking a tightrope. Moving upward, the 2.0 zone acts as a resistance level, and further up, there’s the top resistance at 2.1, with multiple layers of resistance waiting.
Breaking through this level is uncertain; it could either attempt to push higher or oscillate repeatedly. The key still depends on whether additional funds enter the market or if new catalysts emerge from the news side.
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SleepyArbCat
· 12h ago
XRP this wave is just an emotional play; without applications to support it, it will cool off sooner or later... Retail investors entering the market are just bagholders.
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BuyHighSellLow
· 12h ago
XRP is starting to spin stories again. The news alone can't hold it up; it will crash sooner or later.
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CryptoCrazyGF
· 12h ago
To be honest, this wave of XRP is purely an emotional move. Without real applications backing it up, what's the point of playing...
XRP's recent 4-hour chart movement indeed leaves holders a bit conflicted. This rally has already taken shape, but is it just a short-term rebound or the true beginning of a trend? The key still depends on the combination of news and technical analysis.
**Reality Check on the News Side**
Galaxy Digital's leader recently poured cold water, bluntly stating that XRP needs to prove it’s more than just an asset built up by fans; it also needs real-world applications to back it up. Compared to chains like SOL, XRP’s on-chain active addresses are not particularly prominent. What does this imply? It suggests that if the current rally relies solely on market sentiment and follow-the-leader speculation, once the overall market turns or the positive news is fully priced in, retail investors who follow the trend may exit quickly. This poses a hidden risk for the upcoming price movement.
**Neutral Signals from Technical Analysis**
From the 4-hour perspective, the bulls are still in the game. Both the fast and slow MACD lines are above the zero line, indicating decent short-term momentum. However, the price is currently stuck at the critical level of 1.8965, somewhat like walking a tightrope. Moving upward, the 2.0 zone acts as a resistance level, and further up, there’s the top resistance at 2.1, with multiple layers of resistance waiting.
Breaking through this level is uncertain; it could either attempt to push higher or oscillate repeatedly. The key still depends on whether additional funds enter the market or if new catalysts emerge from the news side.