$XRP has turned yesterday's high at $1.496 into support, and it's sitting just 0.4% above it.
The story under the tape is Evernorth, the XRP treasury firm, raising $1B ahead of a Nasdaq debut. That's a buyer built for this one coin, and I'd rather lean on that than on a chart pattern.
The tape isn't perfect. The 7d is -1.02%, 5-day volume is 0.55x the prior 20 days, and the daily MACD histogram is still negative. The screener scores it 8 out of 14, not a 12. But RSI is 57, the 30d is +7.35%, and there's room above.
$XRP trades at $1.50 right now, inside a 24h range of $1.48 to $1.50. If it holds $1.496, I think it walks to the 10-day swing high at $1.63, 8.6% away. If it loses $1.496, I'm wrong and there's nothing to defend. Anyone long gives back the breakout and is stuck back in the range.
$1.496 holding or gone by tomorrow's close?
follow me for more calls like this.
The story under the tape is Evernorth, the XRP treasury firm, raising $1B ahead of a Nasdaq debut. That's a buyer built for this one coin, and I'd rather lean on that than on a chart pattern.
The tape isn't perfect. The 7d is -1.02%, 5-day volume is 0.55x the prior 20 days, and the daily MACD histogram is still negative. The screener scores it 8 out of 14, not a 12. But RSI is 57, the 30d is +7.35%, and there's room above.
$XRP trades at $1.50 right now, inside a 24h range of $1.48 to $1.50. If it holds $1.496, I think it walks to the 10-day swing high at $1.63, 8.6% away. If it loses $1.496, I'm wrong and there's nothing to defend. Anyone long gives back the breakout and is stuck back in the range.
$1.496 holding or gone by tomorrow's close?
follow me for more calls like this.
