The price is hovering around 1.3716 and the 1H chart is looking messy. We just saw a pretty sharp drop from the 1.40 local top, and honestly, the buyers are looking a bit tired. There's some support trying to form around 1.3421, which was the recent low, but every bounce is getting sold into. If we lose 1.35, things could get ugly fast. On the flip side, we need a clean break back above 1.39 to even think about a reversal. Volume is decent at 122M, but the sentiment in the order book is leaning slightly towards the sellers at 55%. I’m not jumping in here. It feels like a "wait and see" zone until we get a clear direction.
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Look at how $XRP is teasing everyone right now.
The price is hovering around 1.3716 and the 1H chart is looking messy. We just saw a pretty sharp drop from the 1.40 local top, and honestly, the buyers are looking a bit tired.
There's some support trying to form around 1.3421, which was the recent low, but every bounce is getting sold into. If we lose 1.35, things could get ugly fast. On the flip side, we need a clean break back above 1.39 to even think about a reversal.
Volume is decent at 122M, but the sentiment in the order book is leaning slightly towards the sellers at 55%. I’m not jumping in here. It feels like a "wait and see" zone until we get a clear direction.
#StrategyToIssueMorePerpetualPreferreds