$XRP has been stuck in a tight 1.23-1.26 box for two days and it's now sitting around 1.251, below the 4h value area low at 1.271. On the NanoTrading Fire chart the big money is parked overhead: two short liquidation clusters of roughly $213M and $186M stacked around 1.29-1.30, right where the POC sits at 1.301. Below, the main long block is much smaller, about $105M near 1.23.
Binance perps look calm but crowded on one side. OI is flat at about 266.7M XRP (~$333M) over the last day, funding is the default 0.01%, and ~72% of accounts are long (L/S 2.55), top traders 2.46. Lots of longs, no fresh leverage coming in.
My read: as long as $XRP holds 1.23 the path of least pain points up into that 1.29-1.30 short pocket, and a reclaim of 1.271 is my trigger. If 1.23 breaks, that $105M long block gets swept first and I step aside.
Range break up into the shorts, or one more flush to 1.23 first? 👀
NFA, just how I'm reading the map.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#XRP #NanoTrading #CryptoTrading
Binance perps look calm but crowded on one side. OI is flat at about 266.7M XRP (~$333M) over the last day, funding is the default 0.01%, and ~72% of accounts are long (L/S 2.55), top traders 2.46. Lots of longs, no fresh leverage coming in.
My read: as long as $XRP holds 1.23 the path of least pain points up into that 1.29-1.30 short pocket, and a reclaim of 1.271 is my trigger. If 1.23 breaks, that $105M long block gets swept first and I step aside.
Range break up into the shorts, or one more flush to 1.23 first? 👀
NFA, just how I'm reading the map.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#XRP #NanoTrading #CryptoTrading
