$XRP down 12.5% this week, sitting at $1.09. Worst performer in top 10.
Everyone watching $1. Here's what actually happened:
Spot ETFs bled $529K last week after 2 weeks of inflows. That's it. Half a mil.
Meanwhile $32.4M liquidated in 24h. 97% longs. Volume doubled to $2.2B.
This isn't institutions running. It's overleveraged longs getting rinsed on a coin that got priced like ETF bid would never end.
RSI at 26. Price under every major MA, all stacked between $1.30-$1.36.
$1 is where $XRP launched its August run. Holds here = crowded trade flush. Breaks = ETF crowd gets their first real stress test.
Everyone watching $1. Here's what actually happened:
Spot ETFs bled $529K last week after 2 weeks of inflows. That's it. Half a mil.
Meanwhile $32.4M liquidated in 24h. 97% longs. Volume doubled to $2.2B.
This isn't institutions running. It's overleveraged longs getting rinsed on a coin that got priced like ETF bid would never end.
RSI at 26. Price under every major MA, all stacked between $1.30-$1.36.
$1 is where $XRP launched its August run. Holds here = crowded trade flush. Breaks = ETF crowd gets their first real stress test.
