$XRP rubbed around the 1.36 area for a day; volume contracted to about 60% of yesterday. This kind of low-volume consolidation is the easiest setup to break out in a direction. On-chain is a bit interesting too—several old whale addresses that had been dormant for nearly two years have moved; they transferred roughly 80 million coins to an exchange. Don’t just ignore this signal.
The community is split into two camps right now: one side says holding firm at 1.35 is building up energy, while the other is watching the SEC’s little matter and waiting to see how the drama unfolds. Honestly, at this level it’s hard for both bulls and bears to play. Above is 1.40, a tough resistance; below, if 1.35 breaks, then it’s a matter of watching 1.32. The current fee rate is fairly neutral—I don’t see funds leaning decisively in one direction.
Old hands all know this: after a volume contraction, you’ll see a volume expansion. The question is which direction the move will push. Don’t rush to pick a side—wait until the volume comes out.
$XRP $XRP #行情分析 #On-chain data
The community is split into two camps right now: one side says holding firm at 1.35 is building up energy, while the other is watching the SEC’s little matter and waiting to see how the drama unfolds. Honestly, at this level it’s hard for both bulls and bears to play. Above is 1.40, a tough resistance; below, if 1.35 breaks, then it’s a matter of watching 1.32. The current fee rate is fairly neutral—I don’t see funds leaning decisively in one direction.
Old hands all know this: after a volume contraction, you’ll see a volume expansion. The question is which direction the move will push. Don’t rush to pick a side—wait until the volume comes out.
$XRP $XRP #行情分析 #On-chain data