Funds-flow watch:
$XRP fell below 1.1991, hitting a 60-day low. At the moment it broke below that level, anyone who had bought in at any point over the past 60 days was sitting on an unrealized loss.
Trading value then surged to 1.8 times the daily average. The sellers are often panic sellers; what really matters is whether large investors are stepping in to absorb the supply. If buying support is strong enough, an oversold rebound may follow. If not, the price may continue lower in search of buyers.
$XRP fell below 1.1991, hitting a 60-day low. At the moment it broke below that level, anyone who had bought in at any point over the past 60 days was sitting on an unrealized loss.
Trading value then surged to 1.8 times the daily average. The sellers are often panic sellers; what really matters is whether large investors are stepping in to absorb the supply. If buying support is strong enough, an oversold rebound may follow. If not, the price may continue lower in search of buyers.