XRP Sele -ff pays the price to less than 3 dollars – is the gathering ended? star-news.press/wp

Main meals

XRP decreased less than $ 3, followed by a failed outbringing attempt and heavy pressure pressure from both retail and older holders. The data indicates that the step was driven by profit rather than panic. XRP may face a negative aspect unless purchase of interest returns.

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Ripple (XRP) decreased below the $ 3 sign after struggling to excel at the main resistance level. The sudden increase in the sale has sparked new concerns about dull power and the opportunity to further losses in the future.

The momentum collapses

XRP decreased from its local height near $ 3.15 with a clear transformation of momentum. The relative strength index decreased to the lands of sale on the twenty -ninth, at the time of the press, noting the strong declining pressure with little satisfaction.

At the same time, OBV showed a sharp decrease, a sign of aggressive sale and a decrease in the cumulative purchase interest.

All this shows together that the sellers in the company’s control. Unless the demand is returned quickly, the XRP risk decreases to less than 2.90 dollars as the support appears to be increasingly fragile.

Heavy references hint at Bull Trap

The Binance Liquidation Heat Map showed an intense activity above the level of $ 3.20, as the leverage was stacked before a sharp shrinkage.

This group indicates that many long situations may have been arrested outside the guard and expel them with the price of the price.

The heavy liquidation area indicates that $ 3.20 was a bull trap, as it attracts traders learned before leading to a series of forced sales.

As the price drops to less than 3 dollars, the absence of large liquidation support areas is hinting at the defense of the weak rise.

Take profits, not panic