$XRP has bounced from the 1.25 to 1.27 zone four times since Oct 17.
Daily lows:
- Oct 17: 1.2701
- Oct 18: 1.2562
- Oct 24: 1.2546
- Oct 26: 1.2733
Each of those days closed back above 1.29. Yesterday XRP closed at 1.3092, up 1.0%, while BTC closed flat.
Above:
- 1.3307: Friday's high
- 1.3465: Oct 20 high
- 1.3992: Oct 21 high, the top of the last bounce
Below: a daily close under 1.2546 is a new 30-day low. XRP is down 14.5% since Sep 28, and funding sits at the 0.0100% default, so perps aren't leaning hard either way.
NFA. Do you buy a fifth test of 1.25, or wait for a daily close over 1.3307?
Daily lows:
- Oct 17: 1.2701
- Oct 18: 1.2562
- Oct 24: 1.2546
- Oct 26: 1.2733
Each of those days closed back above 1.29. Yesterday XRP closed at 1.3092, up 1.0%, while BTC closed flat.
Above:
- 1.3307: Friday's high
- 1.3465: Oct 20 high
- 1.3992: Oct 21 high, the top of the last bounce
Below: a daily close under 1.2546 is a new 30-day low. XRP is down 14.5% since Sep 28, and funding sits at the 0.0100% default, so perps aren't leaning hard either way.
NFA. Do you buy a fifth test of 1.25, or wait for a daily close over 1.3307?
