🔥 $XRP stuck in consolidation zone but leaning bearish overall – you know, that sideways grind with a downward vibe. But for trading on 1-Day timeframe, I'm eyeing this as cautiously long for a counter-trend play.
Looking at the volume, the recent candlesticks show things quieting down in this range, but every now and then, we get these pops in volume on the dips. It feels like sellers are stepping in, but the market's soaking it up without crashing hard.
On the money flow side, there's been some hefty outflows lately – like -59.M USDT in the last 24 hours and a whopping -250M over the week. This hits both spot and futures, and it screams that big players are pulling back, maybe trimming their positions.
Entries longs $XRP : dip in around that solid support at 1.937 USDT, or hold off for a clean break over 2.10 with some real volume behind it.
Set your stop loss 3-4% below entry, say around 1.88-1.90 USDT to play it safe.
Aiming $XRP : for 2.20-2.25 USDT could net you 7-10% if it pops.
We're in a downtrend consolidation, so this is riskier than usual – definitely keep an eye on BTC, as it'll probably drag XRP along whichever way it goes. #xrp #XRPUSDT