This $XRP chart is a total trap for anyone trying to catch the bottom.
We just sliced through $1.40 like it wasn't even there. The price action is looking ugly, with red candle after red candle pushing us down toward the 24h low of 1.3399. The volume is huge at 234M, which tells me this isn't just a tiny dip, it's a serious sell-off. If you look at the order book, the sellers are clearly in control with about 52% of the weight, and that wall at 1.3415 is getting hammered. If we don't see some aggressive buying come in at this 1.34 level, we might be looking at a much faster drop toward 1.30. Everyone is waiting for a bounce, but the chart says wait for a real sign of strength before even thinking about it.
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This $XRP chart is a total trap for anyone trying to catch the bottom.
We just sliced through $1.40 like it wasn't even there. The price action is looking ugly, with red candle after red candle pushing us down toward the 24h low of 1.3399.
The volume is huge at 234M, which tells me this isn't just a tiny dip, it's a serious sell-off. If you look at the order book, the sellers are clearly in control with about 52% of the weight, and that wall at 1.3415 is getting hammered.
If we don't see some aggressive buying come in at this 1.34 level, we might be looking at a much faster drop toward 1.30. Everyone is waiting for a bounce, but the chart says wait for a real sign of strength before even thinking about it.
#CircleHits$90