๐จ $XRP โ DERIVATIVES RESET IN PROGRESS
$XRP has pulled back toward $1.43 after a nearly 70% two-week rally toward $1.70.
๐ฅ More than $20M in long positions were liquidated, while net buyer volume dropped to around -$96M. Open Interest above $3.4B also points to heavy positioning and overcrowding.
๐ Critical Support: $1.40
๐ข Holding $1.40 could allow XRP to stabilize and rebuild momentum.
๐ด A clean break below $1.40 could trigger a deeper correction.
๐ฐ Fund inflows remain strong, reportedly near $1.62B, keeping the bigger picture interesting.
โ ๏ธ After such a sharp rally, volatility can remain extreme. Wait for confirmation around $1.40.
#XRP #Ripple #CryptoTrading #Altcoins
$XRP has pulled back toward $1.43 after a nearly 70% two-week rally toward $1.70.
๐ฅ More than $20M in long positions were liquidated, while net buyer volume dropped to around -$96M. Open Interest above $3.4B also points to heavy positioning and overcrowding.
๐ Critical Support: $1.40
๐ข Holding $1.40 could allow XRP to stabilize and rebuild momentum.
๐ด A clean break below $1.40 could trigger a deeper correction.
๐ฐ Fund inflows remain strong, reportedly near $1.62B, keeping the bigger picture interesting.
โ ๏ธ After such a sharp rally, volatility can remain extreme. Wait for confirmation around $1.40.
#XRP #Ripple #CryptoTrading #Altcoins
