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Is $XRP finally building a floor or just teasing us?
The chart is showing some interesting movement around this 1.43 level. We’ve seen a decent bounce from that 1.27 bottom, but it feels like the momentum is stalling a bit here.
Looking at the candles, we have some resistance sitting right around 1.47. Every time we try to push past it, the sellers show up. Volume is sitting at 109M, which isn't huge, so we really need more strength if we want to see 1.60 again anytime soon.
Support seems solid at 1.40 for now. As long as we stay above that, the structure looks okay. But if we lose 1.40, I’d expect a quick retest of the lower 1.30s.
I'm just watching the close today. If we can stay green, it might be a slow grind up. If not, get ready for more sideways chop.
Patience is the move right now. What are you guys holding?
#WCTCTradingChallengeShare8MUSDT