š„ $XRP in the consolidation phase but with a bit of a bullish lean. For trading on 1-Day timeframe, I'm going with a cautious long.
Volume-wise, the recent candles are showing lower volume while it's just chilling in consolidation, which often screams accumulation.
On capital flows, it's a mixed bag: 24h shows net outflows in contracts at -10.6M USDT, but spots are pulling in +2.2M USDT. Zoom in to shorter frames like 1H, and you've got steady inflows (+1.34M in contracts, +0.54M spot), hinting that folks are stacking up at these levels.
For entry longs $XRP : if you're aggressive, jump in now around 2.09. Otherwise, hang tight for a dip to the 2.02-2.04 support area for a sweeter setup.
Stop loss at 1.96 ā that's about 6.3% down, tied to a solid support
Target wise $XRP : aiming for 2.315, which could give a nice 10.5% pop to the primary resistance
Those conflicting signals between contract outflows and spot builds mean keep your sizes in check. Plus, the Bollinger Bands are squeezing tight, so brace for some wild swings soon ā could go either way. #xrp #XRPUSDT