XRP price saw a sustained upward trend in the last week. But in the last two days or so, a local top formation suggests that the bull trend might have
XRP price cleared $0.500 and $0.540 hurdles as it rallied 20% between October 19 and 24. The uptrend cleared buy-side liquidity, which is likely to result in a trend reversal. A spike in whale transactions at this local top formation adds credence to the possibility of an incoming pullback. been exhausted. Investors need to exercise caution as it could catch them off guard.
500 barrier, but the remittance token is likely going to slide lower. Ideally, a sweep of the October 12 and 19 swing lows at $0.472 and $0.0.476 for sell-side liquidity would be the end goal of bears. Read more:Ripple proponent John Deaton calls SEC an “absolute disgrace” for prosecuting XRP and LBRY XRP/USDT 1-day chart Additionally, the whale transaction count metric shows a spike on October 25. This metrictracks transactions worth $100,000 or more and serves as a proxy for their actions.
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