$XRP did the sweep i was talking about last night. it wicked to 1.2535, right into that 1.25-1.26 bid zone, and has climbed back to ~1.293 since. On the NanoTrading Fire chart 4h the 1.25 bid is still the only real wall under price, so that's the line for me now.
The part that bugs me: positioning barely reset. About 76% of Binance futures accounts are still long $XRP (long/short ~3.2) and top traders sit around 67% long by position. OI is flat near ~$400M, and the last two funding prints were slightly negative before ticking back to 0.01%. So the flush cleared some liquidity but not the crowd.
Liquidation heatmap shows fresh long-liq bands stacked right at 1.29-1.30 (~$157M and ~$104M labels) plus more around 1.26-1.27. Above, short-liq clusters sit near 1.35-1.36 (~$121M and ~$130M), and the liquidity view has ask walls at 1.45, 1.50 and 1.53.
My read: hold 1.29 on a 4h close and $XRP can squeeze into 1.35-1.36. Lose 1.29 and that long cluster probably gets taken out back toward 1.25. Watching $BTC too 👀
Do you think the 1.25 sweep was enough, or does $XRP need one more flush with longs this crowded?
NFA, just my read.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#XRP #Ripple #NanoTrading
The part that bugs me: positioning barely reset. About 76% of Binance futures accounts are still long $XRP (long/short ~3.2) and top traders sit around 67% long by position. OI is flat near ~$400M, and the last two funding prints were slightly negative before ticking back to 0.01%. So the flush cleared some liquidity but not the crowd.
Liquidation heatmap shows fresh long-liq bands stacked right at 1.29-1.30 (~$157M and ~$104M labels) plus more around 1.26-1.27. Above, short-liq clusters sit near 1.35-1.36 (~$121M and ~$130M), and the liquidity view has ask walls at 1.45, 1.50 and 1.53.
My read: hold 1.29 on a 4h close and $XRP can squeeze into 1.35-1.36. Lose 1.29 and that long cluster probably gets taken out back toward 1.25. Watching $BTC too 👀
Do you think the 1.25 sweep was enough, or does $XRP need one more flush with longs this crowded?
NFA, just my read.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#XRP #Ripple #NanoTrading