$XRP falls 9.14% to 1.1982 and set a new low of 1.1776, its lowest level since August 20. The price is below 1.20, and under EMA(21) and EMA(50) on all timeframes.
Backdrop: according to news outlets, the decline is happening alongside a sell-off on Wall Street (Nasdaq and chip stocks), while inflows into XRP ETFs stalled in early November. They also cite the midterm election results (Democrats control Congress) and reports about Iran. There is no direct news about XRP itself.
According to Binance:
Spot: 24-hour outflow of 25.95 million XRP (about $31 million), large holders: 16.51 million (about $20 million), medium holders: 7.03 million. Over 5 days: 41.61 million XRP.
Futures: open interest 402.5 → 396.6 million $ (about -1.5%). Retail long-short ratio by accounts: 3.65; top traders by positions: 2.29 — a strong long bias, which poses a risk to a rebound. Funding +0.01%, the base rate.
1h: below EMA(21) at 1.2213 and EMA(50) at 1.2485, Supertrend at 1.2232, RSI(6) at 40.12.
4h: below EMA(21) at 1.2529, EMA(50) at 1.2660, EMA(200) at 1.3201, Supertrend at 1.2753, RSI(6) at 25.62.
1d: below EMA(21) at 1.2875, EMA(50) at 1.3260, EMA(200) at 1.3602, Supertrend at 1.3786, RSI(6) at 29.10.
🟢 If 1.1776 holds as a low, a rebound to 1.2213 is possible, followed by 1.2485.
🔴 If 1.1700 breaks, there is a risk of a move to 1.1535, then 1.1200.
My position: waiting for a breakout
