โก $XRP $1.3321: Cooling off after the summer pump! ๐
The console price is consolidating around $1.3321 with a daily volume of $174.28M USDT. The market digests the August surge up to $1.6999 and stabilizes above the bottom at $0.9862.
Regarding the ETF: August was record-setting ($150M for the month), but September is already weaker โ only $18.98M over the last week and $32.29M cumulatively for the month. Capital inflow is there, but the pace is clearly slowing.
The chart is compressing: price is trapped below the Bollinger middle line but holding above support. RSI(6) at 47.47 is completely neutral โ tension is off. MACD (-0.0189) is still negative, but the red histogram bars are fading, hinting at a quick shift in momentum.
๐ฏ Trading setup:
Entry: $1.280 โ $1.310
TP1: $1.368
TP2: $1.458
SL: $1.235
Will we break $1.368 or wait for a retest of $1.28?
#xrp #Ripple #crypto #trading #BinanceSquare
The console price is consolidating around $1.3321 with a daily volume of $174.28M USDT. The market digests the August surge up to $1.6999 and stabilizes above the bottom at $0.9862.
Regarding the ETF: August was record-setting ($150M for the month), but September is already weaker โ only $18.98M over the last week and $32.29M cumulatively for the month. Capital inflow is there, but the pace is clearly slowing.
The chart is compressing: price is trapped below the Bollinger middle line but holding above support. RSI(6) at 47.47 is completely neutral โ tension is off. MACD (-0.0189) is still negative, but the red histogram bars are fading, hinting at a quick shift in momentum.
๐ฏ Trading setup:
Entry: $1.280 โ $1.310
TP1: $1.368
TP2: $1.458
SL: $1.235
Will we break $1.368 or wait for a retest of $1.28?
#xrp #Ripple #crypto #trading #BinanceSquare
