Looks like everyone was celebrating too early at $1.98.
$XRP just put in a massive wick up there and got rejected hard, but look at the recovery from $1.82. That was a textbook liquidity grab before the bounce. We are currently hovering around $1.90 and it feels like a bit of a tug-of-war. The volume is still heavy at 1.52B so there is definitely eyes on this. If we can consolidate here and flip $1.92 back into support, we might actually have the steam for a second attempt at that $2.00 psychological level. If not, I’m watching that $1.85 area closely for a retest. Keeping it simple for now and waiting for the 1h candle to tell the story.
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Looks like everyone was celebrating too early at $1.98.
$XRP just put in a massive wick up there and got rejected hard, but look at the recovery from $1.82. That was a textbook liquidity grab before the bounce.
We are currently hovering around $1.90 and it feels like a bit of a tug-of-war. The volume is still heavy at 1.52B so there is definitely eyes on this.
If we can consolidate here and flip $1.92 back into support, we might actually have the steam for a second attempt at that $2.00 psychological level. If not, I’m watching that $1.85 area closely for a retest.
Keeping it simple for now and waiting for the 1h candle to tell the story.
#JoinGrowthPointsDrawToWinGoldenBar