$XRP #xrp
Most of the top investors are positioned in Long. In the crypto market, when most people are betting on one side with the price stuck, whales and exchanges typically push the price in the opposite direction to hunt stop-losses and liquidate those positions.
In higher timeframes, the price of 1.05 is well below the key moving averages, which shows that overall selling pressure is still dominant.
The most likely scenario is that price tends to break the 1.05 support and seek lower liquidity zones, possibly testing the psychological support of 1.00, before finding real strength to recover.
Most of the top investors are positioned in Long. In the crypto market, when most people are betting on one side with the price stuck, whales and exchanges typically push the price in the opposite direction to hunt stop-losses and liquidate those positions.
In higher timeframes, the price of 1.05 is well below the key moving averages, which shows that overall selling pressure is still dominant.
The most likely scenario is that price tends to break the 1.05 support and seek lower liquidity zones, possibly testing the psychological support of 1.00, before finding real strength to recover.