đš XRP Rockets 4.45%! $XRP Adds $4.1 Billion At $1.38
Hello everyone, here is tonight's simple XRP update.
What happened today?
XRP is leading the big coins tonight. Finbold reported today, Oct 21, in the early New York session (evening PKT), that $XRP added about $4.1 billion to its market value in 24 hours, taking it to about $85.7 billion. On my live chart right now, at about 9:19 PM PKT, $XRP is at $1.3802, up 4.45% in 24 hours, with a high of $1.3882 and a low of $1.3170. Bitcoin helped the mood â $BTC is up 2.67% at $84,700.00.
Why did it jump, in simple words?
XRP bounced from support near $1.29 on Tuesday, then buyers pushed it higher today. About $4.4 million in trades were liquidated, and about $3.6 million of that was shorts â people betting on a fall. When shorts are forced to buy back, price rises faster. Open interest also rose about 6% to $6.94 billion.
What levels are traders watching?
Resistance is $1.3882 first, today's high, then $1.42. A close above $1.3882 could open the $1.42 zone. Support is $1.3170 first, today's low, then $1.29. Holding above $1.29 keeps this rebound strong.
Do you think this short squeeze can push $XRP above $1.42 this week, or is a pullback coming first?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #XRP #CryptoNews
Hello everyone, here is tonight's simple XRP update.
What happened today?
XRP is leading the big coins tonight. Finbold reported today, Oct 21, in the early New York session (evening PKT), that $XRP added about $4.1 billion to its market value in 24 hours, taking it to about $85.7 billion. On my live chart right now, at about 9:19 PM PKT, $XRP is at $1.3802, up 4.45% in 24 hours, with a high of $1.3882 and a low of $1.3170. Bitcoin helped the mood â $BTC is up 2.67% at $84,700.00.
Why did it jump, in simple words?
XRP bounced from support near $1.29 on Tuesday, then buyers pushed it higher today. About $4.4 million in trades were liquidated, and about $3.6 million of that was shorts â people betting on a fall. When shorts are forced to buy back, price rises faster. Open interest also rose about 6% to $6.94 billion.
What levels are traders watching?
Resistance is $1.3882 first, today's high, then $1.42. A close above $1.3882 could open the $1.42 zone. Support is $1.3170 first, today's low, then $1.29. Holding above $1.29 keeps this rebound strong.
Do you think this short squeeze can push $XRP above $1.42 this week, or is a pullback coming first?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #XRP #CryptoNews