THE QUIETEST CANDLE. SINCE THE RUN BEGAN.
$XRP → $1.3185
› The run started with a 35.6M volume candle into $1.3414. Since that peak every candle has been smaller: 21.6M, 12.6M, 10.7M, 8.2M, 8.2M, and 4.3M right now — the quietest since the move. Price is $1.3072, +2.09% on $126.3M and 535,481 trades.
› The range is $1.2970 to $1.3185 and $XRP has now held it for six candles. A close above $1.3185 opens $1.3214, then a retest of $1.3414. A close below $1.2970 opens $1.2764, then the $1.2420 low of the last 48 hours.
› Funding is 0.0100% — dead neutral — with $103.7M of open interest. Nobody is paying to hold either side, so the level decides this, not the crowd.
› Volume is 0.50x its average. Six candles of shrinking participation inside a 1.6% range is compression, and compression resolves hard in one direction.
› Take the close, not the drift. Above the top or below the bottom — the middle pays nobody.
› Which edge of the range are you trading?
NFA. DYOR
$XRP → $1.3185
› The run started with a 35.6M volume candle into $1.3414. Since that peak every candle has been smaller: 21.6M, 12.6M, 10.7M, 8.2M, 8.2M, and 4.3M right now — the quietest since the move. Price is $1.3072, +2.09% on $126.3M and 535,481 trades.
› The range is $1.2970 to $1.3185 and $XRP has now held it for six candles. A close above $1.3185 opens $1.3214, then a retest of $1.3414. A close below $1.2970 opens $1.2764, then the $1.2420 low of the last 48 hours.
› Funding is 0.0100% — dead neutral — with $103.7M of open interest. Nobody is paying to hold either side, so the level decides this, not the crowd.
› Volume is 0.50x its average. Six candles of shrinking participation inside a 1.6% range is compression, and compression resolves hard in one direction.
› Take the close, not the drift. Above the top or below the bottom — the middle pays nobody.
› Which edge of the range are you trading?
NFA. DYOR
