๐จ $XRP a $1.15: The hangover from $1.20 and why Iโm still watching from the sidelines
Yesterday I mentioned that those $1.20 levels were just an optical illusion, and well... the market proved us right without any pain relief. While many are sweating bullets today watching the price hit $1.1407, Iโm here sifting through the data matrix with my coffee intact. Reading the stats cold saves you a lot of headaches.
Running the current structure through my monitors, the math is harsh and straightforward:
Mass Exodus (OBV): Weโre still experiencing a lethal drain of -527 Million. Institutional wallets are still packing their bags. Thereโs no real capital defending the zone.
The Oversold Myth (RSI): Yes, the 4H oscillator is showing a suffocating level of 18. Basic manuals will scream at you to buy now, but statistically, with this directional pressure, the price could drag along the bottom for days.
Friction Walls: The Order Book shows the coin trapped in an uncomfortable corridor. There are sell walls crushing any rise at $1.1525 and barely a few timid buys trying to cushion the blow at $1.1480.
My Move:
Betting liquidity here assuming weโve already hit the bottom is like playing a guessing game. I remain 100% on the sidelines with my capital protected. Until the volume curve confirms that the big players have finished unloading, Iโm not looking for an entry.
๐ What do you all think at the table? Are you buying on instinct or staying in the stands watching the show with me? Iโm all ears. - JACG ๐โ
#xrp #Xrp๐ฅ๐ฅ
Yesterday I mentioned that those $1.20 levels were just an optical illusion, and well... the market proved us right without any pain relief. While many are sweating bullets today watching the price hit $1.1407, Iโm here sifting through the data matrix with my coffee intact. Reading the stats cold saves you a lot of headaches.
Running the current structure through my monitors, the math is harsh and straightforward:
Mass Exodus (OBV): Weโre still experiencing a lethal drain of -527 Million. Institutional wallets are still packing their bags. Thereโs no real capital defending the zone.
The Oversold Myth (RSI): Yes, the 4H oscillator is showing a suffocating level of 18. Basic manuals will scream at you to buy now, but statistically, with this directional pressure, the price could drag along the bottom for days.
Friction Walls: The Order Book shows the coin trapped in an uncomfortable corridor. There are sell walls crushing any rise at $1.1525 and barely a few timid buys trying to cushion the blow at $1.1480.
My Move:
Betting liquidity here assuming weโve already hit the bottom is like playing a guessing game. I remain 100% on the sidelines with my capital protected. Until the volume curve confirms that the big players have finished unloading, Iโm not looking for an entry.
๐ What do you all think at the table? Are you buying on instinct or staying in the stands watching the show with me? Iโm all ears. - JACG ๐โ
#xrp #Xrp๐ฅ๐ฅ