🚨 $XRP /USDT: Whales lock in profits, while the crowd risks getting trapped
🔥 Main news: XRP shows growth to 1.4224 USDT (+7.59%), but on-chain metrics warn of a high risk of a downward reversal. Large capital has started actively selling: net outflow of funds totals -10.01 million XRP (overall shortfall in inflows — -14.52 million XRP).
Trend: Locally bullish, but overheated
Price is hitting a strong historical resistance zone around 1.4391 – 1.4961 USDT.
RSI(6) is in a deep overbought area at 79.43, demanding urgent technical unloading.
Open interest has begun to decline, and the funding rate has risen to 0.01000%, making holding longs too expensive.
Main risk: The long/short ratio by accounts has surged to 2.23 – 2.67. The crowd has massively piled into longs, which serves as ideal fuel for the market maker to stage a quick dump downward.
Forecast:
Correction: A reversal from current levels or after a false breakout toward 1.4350. The first downside target is 1.3922 USDT; the key support area during selling is at EMA(21/50) around 1.3540 – 1.3560 USDT.
Continuation of the uptrend:
A hold above 1.4500 USDT amid hypothetical strong news, opening the way to 1.5086 USDT.
🔥 Main news: XRP shows growth to 1.4224 USDT (+7.59%), but on-chain metrics warn of a high risk of a downward reversal. Large capital has started actively selling: net outflow of funds totals -10.01 million XRP (overall shortfall in inflows — -14.52 million XRP).
Trend: Locally bullish, but overheated
Price is hitting a strong historical resistance zone around 1.4391 – 1.4961 USDT.
RSI(6) is in a deep overbought area at 79.43, demanding urgent technical unloading.
Open interest has begun to decline, and the funding rate has risen to 0.01000%, making holding longs too expensive.
Main risk: The long/short ratio by accounts has surged to 2.23 – 2.67. The crowd has massively piled into longs, which serves as ideal fuel for the market maker to stage a quick dump downward.
Forecast:
Correction: A reversal from current levels or after a false breakout toward 1.4350. The first downside target is 1.3922 USDT; the key support area during selling is at EMA(21/50) around 1.3540 – 1.3560 USDT.
Continuation of the uptrend:
A hold above 1.4500 USDT amid hypothetical strong news, opening the way to 1.5086 USDT.