The 30m chart shows that XRP just experienced a deep drop and then was pulled back up strongly. This is a familiar clearing pattern before pushing the wave. The 2.06 area is being held by small candle clusters, but each time it gets pushed down, a very quick buying reaction appears. This indicates that buying pressure is being concealed, not wanting the price to spike too early.
If XRP does not break below 2.04 and maintains a few stable candles, the 2.11 area will become a natural attraction point because a lot of pending orders are concentrated there. The current pattern is no different from the phase before any strong push.
XRPUSDT
Perp
2.0674
-1.08%
