$XRP Currently its price is at $1.0487.
In the last 24 hours it has risen by +0.42%.
The price dipped and rejected the liquidity exposed in the upper range, so the price continues to pull back. The usual pattern: it reaches a low point, stalls, throws in a feint impulse, but buyers run out of fuel to keep the price up.
Right now the price has pulled back again and stalled at the $1.0319 level; in the short term it’s normal for it to bounce to find some relief to the upside. But for real, in the long term we need more buying volume to truly break the structure if we want to rise again and retest the previous highs.
On the downside, we need to hold the grind above the $1.0329 support level. Buyers have to defend that level no matter what, because if we lose that zone, we’re going to be in trouble.
On the upside, the goal is to break the resistance at $1.0689, so we can open space above and keep building the structure higher.
Either the buyers prove they still have strength, or the sellers are going to keep putting bearish pressure on us until it crashes.
In the last 24 hours it has risen by +0.42%.
The price dipped and rejected the liquidity exposed in the upper range, so the price continues to pull back. The usual pattern: it reaches a low point, stalls, throws in a feint impulse, but buyers run out of fuel to keep the price up.
Right now the price has pulled back again and stalled at the $1.0319 level; in the short term it’s normal for it to bounce to find some relief to the upside. But for real, in the long term we need more buying volume to truly break the structure if we want to rise again and retest the previous highs.
On the downside, we need to hold the grind above the $1.0329 support level. Buyers have to defend that level no matter what, because if we lose that zone, we’re going to be in trouble.
On the upside, the goal is to break the resistance at $1.0689, so we can open space above and keep building the structure higher.
Either the buyers prove they still have strength, or the sellers are going to keep putting bearish pressure on us until it crashes.