🔥 $XRP BREAKS BELOW THE DAILY EMA 25! LEVERAGED TRADERS GETTING SHAKEN OUT OR A TREND REVERSAL? 📉⚡
Support finally gave way to the downside. On the daily chart of $XRP /USDT, the candle suddenly breaks out of the consolidation zone after losing the EMA 7 ($1.4833) and EMA 25 ($1.4622), sending the price down to $1.4312 (-5.41%).
What’s happening with liquidity?
🌪️ Massive Outflow/Absorption Volume: An impressive $216.47M USDT (147.96M XRP) has changed hands in 24 hours, marking a clear sweep of leveraged Long positions toward the daily low of $1.4232.
📉 KDJ on the Verge of Oversold: The J index plunges to 18.31, with K at 30.40. When the J line breaks below 20 on the daily timeframe, selling pressure often starts to ease.
🛡️ The Macro Bunker: If demand doesn’t absorb the current zone again and close the candle above $1.4622, the main medium-term support lies lower at the EMA 99 ($1.3349).
Do you see this move as a sweep to hunt for cheap liquidity, or do you think we’ll visit $1.33? 👇
$XRP #XRP #Ripple #BinanceSquare #CryptoTrading #TechnicalAnalysis
Support finally gave way to the downside. On the daily chart of $XRP /USDT, the candle suddenly breaks out of the consolidation zone after losing the EMA 7 ($1.4833) and EMA 25 ($1.4622), sending the price down to $1.4312 (-5.41%).
What’s happening with liquidity?
🌪️ Massive Outflow/Absorption Volume: An impressive $216.47M USDT (147.96M XRP) has changed hands in 24 hours, marking a clear sweep of leveraged Long positions toward the daily low of $1.4232.
📉 KDJ on the Verge of Oversold: The J index plunges to 18.31, with K at 30.40. When the J line breaks below 20 on the daily timeframe, selling pressure often starts to ease.
🛡️ The Macro Bunker: If demand doesn’t absorb the current zone again and close the candle above $1.4622, the main medium-term support lies lower at the EMA 99 ($1.3349).
Do you see this move as a sweep to hunt for cheap liquidity, or do you think we’ll visit $1.33? 👇
$XRP #XRP #Ripple #BinanceSquare #CryptoTrading #TechnicalAnalysis