$XRP finally lost the box it was sitting in since Oct 21.
1.284 was the floor for over a week and the 01:00 candle went straight through it on the biggest 4H volume in a month. Wicked 1.20 at 05:00 and buyers did step in there, fair enough.
But since then it's just chopping 1.24 to 1.27 under both EMAs. no real bounce honestly, sellers keep leaning on every push.
For me the old floor is now the ceiling. A 4H close back over 1.284 and I'd say the breakdown was a fakeout.
Until then I lean down. Losing 1.23 on a close probably means another visit to 1.20
1.284 was the floor for over a week and the 01:00 candle went straight through it on the biggest 4H volume in a month. Wicked 1.20 at 05:00 and buyers did step in there, fair enough.
But since then it's just chopping 1.24 to 1.27 under both EMAs. no real bounce honestly, sellers keep leaning on every push.
For me the old floor is now the ceiling. A 4H close back over 1.284 and I'd say the breakdown was a fakeout.
Until then I lean down. Losing 1.23 on a close probably means another visit to 1.20
