$XRP is down 5.0% today and still up 15.45% on the week. I read that as a dip inside an uptrend, not a reversal.
Volume over the last 5 days is running 1.80x the 20 days before it, and $504M traded on Binance in the last 24h. Dips on rising volume that hold a prior low are how a trend reloads. Dips that break it are how a trend ends.
Daily RSI is 60, so there's no overheating, and the daily MACD histogram is still positive. The screener scores it 8 out of 14. That's a decent setup, not a slam dunk, and I'm not dressing it up as one.
$XRP trades at $1.5 right now. If it holds yesterday's low at $1.4934, I think it goes back to yesterday's high at $1.6094. If it loses $1.4934, I'm wrong on this and there's nothing to defend. Anyone holding for the bounce is then just holding a broken dip.
Does $1.4934 hold or break?
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Volume over the last 5 days is running 1.80x the 20 days before it, and $504M traded on Binance in the last 24h. Dips on rising volume that hold a prior low are how a trend reloads. Dips that break it are how a trend ends.
Daily RSI is 60, so there's no overheating, and the daily MACD histogram is still positive. The screener scores it 8 out of 14. That's a decent setup, not a slam dunk, and I'm not dressing it up as one.
$XRP trades at $1.5 right now. If it holds yesterday's low at $1.4934, I think it goes back to yesterday's high at $1.6094. If it loses $1.4934, I'm wrong on this and there's nothing to defend. Anyone holding for the bounce is then just holding a broken dip.
Does $1.4934 hold or break?
follow me for more calls like this.
