finixyta on Nostr: XRP has been consolidating under key resistance for over a month, leading to a drop ...
XRP has been consolidating under key resistance for over a month, leading to a drop in trader confidence. Open Interest (OI) in XRP Futures decreased by $1 billion in the past 24 hours, indicating bearish sentiment. The Price DAA Divergence is flashing a sell signal, reflecting declining participation. XRP's price has fallen by 20% over the past month but holds above $2.00 support. If bearish factors persist, XRP could continue consolidating or risk losing $2.00 support. Conversely, bullish market conditions could push XRP to breach $2.73 resistance and aim for its all-time high of $3.31. #XRP #Crypto #MarketAnalysis #Trading
Published at
2024-12-29 07:02:31Event JSON
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"content": "XRP has been consolidating under key resistance for over a month, leading to a drop in trader confidence. Open Interest (OI) in XRP Futures decreased by $1 billion in the past 24 hours, indicating bearish sentiment. The Price DAA Divergence is flashing a sell signal, reflecting declining participation. XRP's price has fallen by 20% over the past month but holds above $2.00 support. If bearish factors persist, XRP could continue consolidating or risk losing $2.00 support. Conversely, bullish market conditions could push XRP to breach $2.73 resistance and aim for its all-time high of $3.31. #XRP #Crypto #MarketAnalysis #Trading",
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