How will XRP be affected by the proposed tax campaign?
1OpportunityBullishPolitical Transparency Potential
2RiskModerateTax Policy Uncertainty
3ActionBearishWait for Confirmation Pullback
đŻ Opportunity (Bullishđ)
Rippleâs Political Influence Strengthened: XRP benefits from Ripple co-founder Chris Larsenâs $40 million anti-tax initiative in California, signaling increasing political influence and visibility during heightened U.S. regulatory scrutiny. The campaign reinforces Rippleâs role in policymaking and could promote clearer tax frameworks, potentially favoring XRP in long-term adoption.
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đš Risk (Moderateđ€)
Regulatory and Sentiment Headwinds: Despite XRPâs oversold technicals, strong regulatory and funding outflowsâover $92.9 million in ETF withdrawalsâindicate institutional hesitation. Fear readings at 15 reflect extreme caution, amplifying sentiment risk.
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⥠Action
Strategic Observation Phase: The market environment favors defensive positioning around defined support zones before confirming trend reversal; XRP traders should manage exposure carefully while monitoring BTC sentiment for directional cues.
ïżŒXRP$1.6659
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Bullish ScenarioïŒPositive signals include RSI recovery from oversold levels, elite long/short ratio above 4.6, and Rippleâs strengthened political lobbying potentially easing future regulatory friction. Institutional alignment could trigger renewed buying momentum once funding flows stabilize.
Short-term Long Position đ
Entry: 1.63âŻUSDT (position size: 40%)
Stop-loss: 1.55âŻUSDT
Take-profit: 1.93âŻUSDT
Bearish ScenarioïŒContinued ETF outflows and market fear at 15 point to a fragile risk environment; failure to defend the 1.60âŻUSDT support could accelerate downside momentum toward 1.45âŻUSDT. BTCâs volatility spillover remains a critical risk factor.
Short-term Short Position đ
Entry: 1.70âŻUSDT (position size: 50%)
Stop-loss: 1.80âŻUSDT
Take-profit: 1.50âŻUSDT
35*****9
0/1000Day Trading
7D PNL/ROI
+2,084.58107.83%