XRP has been eerily quiet all morning, moving barely seven-thousandths of a dollar in about six hours.
From 5 a.m. until now, it’s ranged from a low of 1.2453 to a high of 1.2524, drifting back and forth in the lower half of the range. It’s now at 1.2478 USD. Since that false-breakdown wick in the early hours, it hasn’t even touched the 1.245 range low again, and it hasn’t had the strength to push up to 1.26 either.
When trading gets this tight, it’s not because nobody’s trading—it’s because everyone’s holding their breath. Voting starts in the U.S. tonight, with results due tomorrow morning. Ripple has poured over $40 million into the election, and nobody wants to pick a side before the results are in.
When price action contracts this much, a big move often follows. We’ll see which way tomorrow morning.
Senior Brother’s outlook is still somewhat bullish, but there’s no need to rush today. If it holds around 1.245, you could consider getting in; a move above 1.26 would confirm a breakout from the range. If it breaks below the early-hours wick low of 1.2362, stay away for now. #XRP $XRP
From 5 a.m. until now, it’s ranged from a low of 1.2453 to a high of 1.2524, drifting back and forth in the lower half of the range. It’s now at 1.2478 USD. Since that false-breakdown wick in the early hours, it hasn’t even touched the 1.245 range low again, and it hasn’t had the strength to push up to 1.26 either.
When trading gets this tight, it’s not because nobody’s trading—it’s because everyone’s holding their breath. Voting starts in the U.S. tonight, with results due tomorrow morning. Ripple has poured over $40 million into the election, and nobody wants to pick a side before the results are in.
When price action contracts this much, a big move often follows. We’ll see which way tomorrow morning.
Senior Brother’s outlook is still somewhat bullish, but there’s no need to rush today. If it holds around 1.245, you could consider getting in; a move above 1.26 would confirm a breakout from the range. If it breaks below the early-hours wick low of 1.2362, stay away for now. #XRP $XRP
