$XRP 1.027, it’s falling again. I posted a few earlier—said the good news stacked up and piled up, but nothing moved. The ETF got in, the upgraded security testing also passed, and Thailand even set a zero tax—after circling around, it didn’t break above 1.08, and now it’s barely managing to hold 1.03.
The most deadly part is the money is moving. The spot market has net inflows from large orders across twelve candles—none of them are red; everything is being pulled out.
On the leverage side, things are even more lively. Borrowed money to go long and it doubled in about twelve hours—yet the longs dominate to an absurd degree. Open interest is up eight percentage points, and the price is still dropping; the more the longs add, the more they lose.
The funding rate is still negative. Longs are effectively subsidizing the shorts—I don’t understand what they’re busy with.
The good news is being shouted from the rooftops, but the price doesn’t buy it at all. Isn’t this just the script of nobody taking the bag? I won’t chase at this level. I’ll wait until the leveraged crowd has been fully digested. Pre-enact the ending early—this is how it goes.
#xrp $XRP
The most deadly part is the money is moving. The spot market has net inflows from large orders across twelve candles—none of them are red; everything is being pulled out.
On the leverage side, things are even more lively. Borrowed money to go long and it doubled in about twelve hours—yet the longs dominate to an absurd degree. Open interest is up eight percentage points, and the price is still dropping; the more the longs add, the more they lose.
The funding rate is still negative. Longs are effectively subsidizing the shorts—I don’t understand what they’re busy with.
The good news is being shouted from the rooftops, but the price doesn’t buy it at all. Isn’t this just the script of nobody taking the bag? I won’t chase at this level. I’ll wait until the leveraged crowd has been fully digested. Pre-enact the ending early—this is how it goes.
#xrp $XRP