📊 $XRP /USDT
Chart: The price is 1.3879 USDT. The coin has plunged sharply from yesterday’s high (1.4961). The price has broken down through the EMA 21 line (1.4102) and the EMA 50 line (1.3967). There is a dangerous test of the long-term EMA 200 (1.3858). If we break through it, the drop will intensify.
Money: A total capital exodus is underway from the asset. Total net outflow over the past day was -10.03 million XRP, and the largest players (“whales”) dumped the most—-3.58 million XRP. Over 5 days, -21.34 million XRP was withdrawn from the coin.
Margin data: Surprisingly, amid the decline, the long/short ratio by accounts has jumped to 2.74! Open interest is holding at a high level of 429.0M. This means the crowd is fiercely averaging down the falling knife on the long side, creating tons of liquidity for the next leg down.
Levels: The strongest support zone where the drop may slow down is 1.3850–1.3860 (EMA 200). If it breaks downward, the next stop is at the round level 1.3500. The nearest resistance above is 1.4100.
Chart: The price is 1.3879 USDT. The coin has plunged sharply from yesterday’s high (1.4961). The price has broken down through the EMA 21 line (1.4102) and the EMA 50 line (1.3967). There is a dangerous test of the long-term EMA 200 (1.3858). If we break through it, the drop will intensify.
Money: A total capital exodus is underway from the asset. Total net outflow over the past day was -10.03 million XRP, and the largest players (“whales”) dumped the most—-3.58 million XRP. Over 5 days, -21.34 million XRP was withdrawn from the coin.
Margin data: Surprisingly, amid the decline, the long/short ratio by accounts has jumped to 2.74! Open interest is holding at a high level of 429.0M. This means the crowd is fiercely averaging down the falling knife on the long side, creating tons of liquidity for the next leg down.
Levels: The strongest support zone where the drop may slow down is 1.3850–1.3860 (EMA 200). If it breaks downward, the next stop is at the round level 1.3500. The nearest resistance above is 1.4100.