XRP ETFS pull $100 million to $16 million in an hour
The Newly Launched Newly Launched XRP Exchange Business is registered with the
MayDWORD Ancient Action reported 102,140 shares valued at $2.53M.
The price of XRP responds with an 8% jump
The strong ECTF It rose more than 5% during the reporting period. After registering the previous day, a series of extensions followed, followed by, followed by.
Technical analysts say that XRP is currently in a bearish trend, but the overall structure is huge. The continuous wave count gives the impression that the market is still quite complete.
The latest breakout is in a five wave pattern. However, upon closer inspection, the moving parts can also be interpreted as three waveforms. With a fully confirmed five-wave pressure, the price should have important support and should bring a more clearly defined structure.
Expectation levels: support at $2.16 and $2.07
The most important level now is the $2.16 to 2.17 support zone. As long as XRP stays above this range, a significant trend remains valid. A deeper level of $507, which represents the 50% fiboncci level of the current wave, is still possible without breaking the overall structure.
A drop below $2.07 indicates that a strong corrective movement is underway. The analysis Expect the price to accept the low support area tested on November 21st. $2.12 zone is seen as an important level.
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