$XRP just lost 10% in a week and its RSI reads 28. Is that a bargain, or is the market quietly telling you $1 is a magnet?
Monday's flush wiped out $1.02 billion in crypto positions, and 90% of it was longs. XRP led the majors lower, down about 6% to $1.093 (24h range $1.092 to $1.170), its fifth straight red week.
What most people miss: this isn't an XRP story. Bitcoin ETFs bled $1.28 billion last week, the worst since June, and traders now fear a tougher Democratic Congress on crypto. When liquidity leaves, high-beta coins fall first and fastest.
The levels: $1.16 is the first ceiling, the moving-average cluster near $1.30 to $1.37 is the real wall, and $1.00 is the psychological floor everyone is watching. Tuesday's US CPI could decide which one gets tested.
Would you buy $1, or wait for it to break?
Not financial advice.
#XRP #Ripple #CryptoMarket #Liquidations #CPI
Monday's flush wiped out $1.02 billion in crypto positions, and 90% of it was longs. XRP led the majors lower, down about 6% to $1.093 (24h range $1.092 to $1.170), its fifth straight red week.
What most people miss: this isn't an XRP story. Bitcoin ETFs bled $1.28 billion last week, the worst since June, and traders now fear a tougher Democratic Congress on crypto. When liquidity leaves, high-beta coins fall first and fastest.
The levels: $1.16 is the first ceiling, the moving-average cluster near $1.30 to $1.37 is the real wall, and $1.00 is the psychological floor everyone is watching. Tuesday's US CPI could decide which one gets tested.
Would you buy $1, or wait for it to break?
Not financial advice.
#XRP #Ripple #CryptoMarket #Liquidations #CPI
