One key reason for this is the price recovery of XP
Over the past 24 hours, the XRP price trades down to $990, with some signs of a bearish trend, especially from short-term carriers.
But the XPD. This piece explains why it was not done.
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Short-term capital is revealed, but recovery is lacking
The short-term bond NUPL, which separates unadjusted profit or loss, fell to -0.30, the lowest reading this year to -0.30. This level leads to compensation capital, and recent buyers who hold losses and are forced to exit or exit emotionally.
In the past, the local XRP's lower signals have caused the bulls to compare again.
In April, Naples fell down.
In June, NUPL fell down to -0.15 and Xrp dropped again.
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Despite this time's deep payout reading, XRP is still on fire. The missing part came from the salon coins.
He showed Peack Commentary that spent coins
Birth Coins Age Band metric shows how many XRP coins from different age bands are moving. When the price falls, the coins show real pressure to rise. This metric only includes short-term holders and can also show how much power long-term and mid-term holders are moving.
A strong example came earlier this month.
In the year It went down from $554 to $2.15 on November 2nd and November 5th. At the same time, coins increased from 20.32 million to 104.85 million. This is marked as a clear sign of denial. This confirms the local bottom flow in November 5.
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When it comes to price adjustment, coins, coins are the same but much smaller.
In the year Between November 17 and now, the price of XP dropped from $2.27 to $1.96. Coins rose from $45.87 million to $97.31 million.
Since 112% is far below the previous 416%, the folding level may not be complete. If the coins continue to climb to the No Novemberned eco-level until the November level, it can look further down than the continuation of the last lower forms.
This incomplete reading explains why the reading of short-term capital does not recover. And you can expect some XRP price below why?
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XRP price levels indicate one more low zone
XRP $1.95 a copy, necessary support. Losing this level will expose the last XRP bottom if the XRP bottom camera continues. The price is currently under kindness, but it is close to daily under $1.95 for transition confirmation.
Another danger is building on the chart. The 100-day moving average (EMA) is approaching the 200-day moving average. If 100 of them are below 200, traders will hold them as foreign stocks. And that can be a huge short-term fix.
The moving average (EMA) is given more weight, so it reacts quickly through simple movements and requires confirmation of short-term pressure.
To show the strength of the “XRP price” in the past, it should first be taken back to $2.08, followed by $2.26. This will eliminate the tendency of the nearby ship.
