XRP drifted steadily lower and still hadn't stabilized by the close. The swings were sizable, with prices whipsawing back and forth, making it easy for both bulls and bears to get shaken out.
The range was 6.2%, with no notable increase in volume. Market interest was lukewarm. It’s now at 0.9961, down 4.14% on the day. It closed in the lower part of its range, and the rebound was modest.
The 7-day moving average is 1.05, and the price is 5.4% below it. It’s too early to call this a reversal. 0.9800 is the line in the sand for the next few days; if it holds, there’s still a chance.
The moving averages are still overhead, so I’m not chasing a rebound. Betting on a bounce in a weak market doesn’t offer great odds.
How are those of you holding positions handling this?
(The above is just my personal journal. Don’t take it as investment advice.)
#XRP #技术分析 #短线 #MarketObservation
The range was 6.2%, with no notable increase in volume. Market interest was lukewarm. It’s now at 0.9961, down 4.14% on the day. It closed in the lower part of its range, and the rebound was modest.
The 7-day moving average is 1.05, and the price is 5.4% below it. It’s too early to call this a reversal. 0.9800 is the line in the sand for the next few days; if it holds, there’s still a chance.
The moving averages are still overhead, so I’m not chasing a rebound. Betting on a bounce in a weak market doesn’t offer great odds.
How are those of you holding positions handling this?
(The above is just my personal journal. Don’t take it as investment advice.)
#XRP #技术分析 #短线 #MarketObservation