DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.
Hello to all XRP loves globally both the investors and traders alike!
Today is another great opportunity to track down not only XRP's price action but as well as the king Bitcoin and the rest of the crypto markets in general.
Actually a lot of technicals and other vital data are needed for a complete report if we mean for a more in-depth analysis but that will likely takes a lot of time and effort so I just take on those what I feel straight to the point aspects.
Some of the highlights to mention for today:
Bitcoin enters 27 days in consolidation period.
Crypto Market Cap broke $1.90T cap
XRP entered 3rd day of consolidation mode after recently hitting a new multi-year high
XRP is currently facing new resistance levels and as well as establishing new layer of support structures. On the volumes side, I am not seeing another pump and dump schemes due to the fact that XRP has clearly overwhelming sentiments from traders, investors and die-hard fanatics all over the world.
As you know I am very true to you according to the charts and I can't predict a new and high price but only interpret intraday or day-to-day action. We can only track the data as we don't have certainties in this type of markets.
To close this technical report, XRP's other key metrics are in balanced and steady holding its gains.
XRP longs and shorts in perfect harmony.
Its funding rates from high volume crypto exchanges are sitting in good numbers.
Also at the time of writing this article, XRP is holding its footing in the 4th spot just behind one place from Binance's BNB.
You can watch the full and detailed report here:
Once again, thank you for all the support and stay updated for more soon!
Stay safe and God bless!
