$XRP is trading at 1.1685 (-1.86%) after setting a new low of 1.1519. Price is below EMA(21) and EMA(50) on all timeframes; RSI(6) is 27.94 on the 4-hour chart and 24.58 on the daily chart.
Background: On November 6, XRP fell along with stocks (Nasdaq, chip stocks) and hit an 11-week low near 1.18. Inflows into XRP ETFs stopped in early November. Today, the low was broken. There is no direct news about XRP itself today.
Spot: net outflow over 24 hours was 13.18M XRP (about $15.4M), and 28.22M over 5 days. Meanwhile, large orders: 48.04M in buys versus 46.81M in sells, so they are slightly net positive. Orders of other sizes are adding pressure.
Futures: open interest is $391.0M, almost unchanged. Retail long/short ratio is 2.82; top traders by accounts, 3.23 (was 3.26); by positions, 2.13. The long bias persists, which is a risk. Funding is +0.00769%, below the 0.01% baseline.
1h: below EMA(21) at 1.1750 and EMA(50) at 1.1984, Supertrend at 1.1902, RSI(6) at 46.79.
4h: below EMA(21) at 1.2148, EMA(50) at 1.2438, Supertrend at 1.2374.
1d: below EMA(21) at 1.2751, EMA(50) at 1.3191, EMA(200) at 1.3581.
🟢 If 1.1519 holds on the 4h chart, a rebound to 1.1984 is possible, followed by 1.2148.
🔴 If 1.1519 breaks, there is a risk of a move to 1.1265, then 1.1000.
My position: waiting for 1.1519 to hold
XRP: will 1.15 hold, or are we heading to 1.10?
