$XRP has been stuck in a tight box since the Oct 29 Binance hack: roughly 1.235 to 1.265 for three days, with price now around 1.244.
My read for this week (Nov 3 to 9):
If XRP gets a daily close above 1.275, I'd watch 1.31 next. That's roughly its 20-day average and where it traded before the hack.
If it loses 1.235, the Oct 30 low near 1.20 is the next test.
I lean slightly bearish. Highs keep getting lower, and the hacker still holds XRP after moving 80M out of the hack wallet. A daily close above 1.31 means I'm wrong.
#XRP #CryptoMarket #Ripple
NFA
My read for this week (Nov 3 to 9):
If XRP gets a daily close above 1.275, I'd watch 1.31 next. That's roughly its 20-day average and where it traded before the hack.
If it loses 1.235, the Oct 30 low near 1.20 is the next test.
I lean slightly bearish. Highs keep getting lower, and the hacker still holds XRP after moving 80M out of the hack wallet. A daily close above 1.31 means I'm wrong.
#XRP #CryptoMarket #Ripple
NFA
