Going below 80 indicates MILD WEAKNESS.
Going below 70 indicates EXTREME WEAKNESS.
The 3 lines of CHANNEL may act as SUPPORT or RESISTANCE.
BREAKOUT above CHANNEL LINE - GO LONG.
BREAKDOWN below CHANNEL LINE - GO SHORT.
On-chain data suggests that the recent price action for Ripple’s XRP token may not last as whales have been exiting their positions at every upswing.
Most of the buying pressure appears to be coming from retail investors, while whales have been exiting their positions.
While prices could rise to $0.95, investors must be prepared for a bull trap.
XRP has had a...