$XRP below 1.30, further drop or rebound?
$XRP fell 3.24% in 24h, now trading at US$1.299.
$ZEC (-6.7%) and $NEAR (-3.6%) are also moving.
According to CriptoNoticias, XRP whale inflows to Binance have reached their highest level in seven months.
My take: buying pressure from large accounts could briefly stabilize the price, but the RSI at 35.3 and the 4h downtrend make me suspect this is just a temporary fix. Futures funding is at +0.0012% and 74% of accounts are long, showing some optimism despite the pullback.
Key support is at 1.288; resistance is at 1.315 and 1.35. If it breaks above 1.315, the bullish scenario points to 1.35, but it would be invalidated if the price falls back below 1.288. Conversely, if it drops below 1.288, the bearish bias will strengthen, and the only way back up would be to reclaim 1.315.
Will it break 1.315 or return to 1.288? 🟢/🔴
#XRP #Binance #Whales
This is not financial advice. Verify before investing.
$XRP fell 3.24% in 24h, now trading at US$1.299.
$ZEC (-6.7%) and $NEAR (-3.6%) are also moving.
According to CriptoNoticias, XRP whale inflows to Binance have reached their highest level in seven months.
My take: buying pressure from large accounts could briefly stabilize the price, but the RSI at 35.3 and the 4h downtrend make me suspect this is just a temporary fix. Futures funding is at +0.0012% and 74% of accounts are long, showing some optimism despite the pullback.
Key support is at 1.288; resistance is at 1.315 and 1.35. If it breaks above 1.315, the bullish scenario points to 1.35, but it would be invalidated if the price falls back below 1.288. Conversely, if it drops below 1.288, the bearish bias will strengthen, and the only way back up would be to reclaim 1.315.
Will it break 1.315 or return to 1.288? 🟢/🔴
#XRP #Binance #Whales
This is not financial advice. Verify before investing.