Is $XRP at $1.30 a dip worth respecting, or just the next leg lower? 📉
Down 6.5% today, with $132.61M traded, and the 4h chart is down 6%. RSI sits at 42, but price is still under the 20D and 50D MAs. That’s not a clean reversal.
Liquidity looks thin too: volume is only 0.7x the 20D average, while longs are paying 0.008% funding. $SOL strength would help, but @ripple needs XRP to reclaim $1.30 before I get interested. Until then, I’m waiting. ⚠️
Would you enter here or wait for a retest of $1.30? 🤔
#XRP #Trading #Crypto
Down 6.5% today, with $132.61M traded, and the 4h chart is down 6%. RSI sits at 42, but price is still under the 20D and 50D MAs. That’s not a clean reversal.
Liquidity looks thin too: volume is only 0.7x the 20D average, while longs are paying 0.008% funding. $SOL strength would help, but @ripple needs XRP to reclaim $1.30 before I get interested. Until then, I’m waiting. ⚠️
Would you enter here or wait for a retest of $1.30? 🤔
#XRP #Trading #Crypto