XRP is sitting at 1.3% of its 100-day range.
Price 1.0033. The daily range runs 1.0051 to 1.5496 and price is pinned at the bottom of it. The EMA stack reads bearish on 15m, 1h, 4h and 1d. 4h RSI is 30.2.
1.0023 is where $XRP is decided - 12 measured touches on the 15m. Hold it and the round dollar stays a floor. Lose 1.0021, the 100-candle 1h low, and nothing measured sits below: the 4h support list is empty.
Here is the part most people skip. The bounces are not being bought. 4h volume ran 1.53x average into this move while price closed at 2.4% of the 4h range - that volume went into selling, not rescue. The last hourly candle printed 0.62x average. Nobody is defending this yet.
Overhead is heavy: 1.0153 has 33 touches, 1.0357 has 55.
And this is not automatically market beta. XRP turned 65m USDT in 24h for a 2.78% drop - check $BTC and $SOL before calling it a sector move.
Do you buy the 12th touch of 1.0023, or wait for it to fail first?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Price 1.0033. The daily range runs 1.0051 to 1.5496 and price is pinned at the bottom of it. The EMA stack reads bearish on 15m, 1h, 4h and 1d. 4h RSI is 30.2.
1.0023 is where $XRP is decided - 12 measured touches on the 15m. Hold it and the round dollar stays a floor. Lose 1.0021, the 100-candle 1h low, and nothing measured sits below: the 4h support list is empty.
Here is the part most people skip. The bounces are not being bought. 4h volume ran 1.53x average into this move while price closed at 2.4% of the 4h range - that volume went into selling, not rescue. The last hourly candle printed 0.62x average. Nobody is defending this yet.
Overhead is heavy: 1.0153 has 33 touches, 1.0357 has 55.
And this is not automatically market beta. XRP turned 65m USDT in 24h for a 2.78% drop - check $BTC and $SOL before calling it a sector move.
Do you buy the 12th touch of 1.0023, or wait for it to fail first?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.