$XRP at the 1.0 position has been grinded for almost a full day. The order book is like bricklaying—no room above or below to go through cleanly. It went in with a quick jab at 1.0142 and came right back; volume is down by nearly 20% versus yesterday. Short-term capital is waiting for direction.
On-chain, there are some movements—several dormant addresses have activated. The numbers aren’t big, but the timing is well chosen. In the community, both bulls and bears are arguing fiercely. Those watching 1.2 and those watching 0.9 are both shouting. This kind of standoff is the most exhausting.
To put it plainly, the integer-level support/resistance is a psychological battle. The daily structure hasn’t broken, but on the hourly timeframe that contracting triangle is nearly at its end. The breakout/tipping point is right in these next couple of days. Don’t let yourself get led by a single needle; wait for a breakout with volume to pick a side.
What do you think?$XRP #行情分析 #on-chain data
On-chain, there are some movements—several dormant addresses have activated. The numbers aren’t big, but the timing is well chosen. In the community, both bulls and bears are arguing fiercely. Those watching 1.2 and those watching 0.9 are both shouting. This kind of standoff is the most exhausting.
To put it plainly, the integer-level support/resistance is a psychological battle. The daily structure hasn’t broken, but on the hourly timeframe that contracting triangle is nearly at its end. The breakout/tipping point is right in these next couple of days. Don’t let yourself get led by a single needle; wait for a breakout with volume to pick a side.
What do you think?$XRP #行情分析 #on-chain data