$XRP just saw a sharp flush, but buyers are already stepping in to defend the move.
The quick drop toward the $1.1330 area grabbed liquidity and shook out weak hands, while the reaction afterward suggests demand is still present at lower levels.
If support continues to hold, this could turn into a classic dip-buying setup with traders watching for a recovery toward the next resistance zones.
Of course, volatility remains elevated, so confirmation is key—strong bounces are built on strong support.
Is this a temporary shakeout before the next leg higher, or just the start of a bigger correction?
#RMJ_trades
#TONCommunityApprovesRenameToGRAM
#UKFCAProposesRetailFundsCryptoETNAllocation
#UKFCAProposesRetailFunds10PctCryptoETNs
#CPIWatch
The quick drop toward the $1.1330 area grabbed liquidity and shook out weak hands, while the reaction afterward suggests demand is still present at lower levels.
If support continues to hold, this could turn into a classic dip-buying setup with traders watching for a recovery toward the next resistance zones.
Of course, volatility remains elevated, so confirmation is key—strong bounces are built on strong support.
Is this a temporary shakeout before the next leg higher, or just the start of a bigger correction?
#RMJ_trades
#TONCommunityApprovesRenameToGRAM
#UKFCAProposesRetailFundsCryptoETNAllocation
#UKFCAProposesRetailFunds10PctCryptoETNs
#CPIWatch
