CandleFocus 3 Bullish Signs Point to an XRP Price Breakout
2024-09-06
Author: Content Editor
According to several indicators, Ripple's price may revisit $0.58 after dropping below that level. The liquidation heatmap suggests a high concentration of liquidity at $0.58, indicating favorable trading conditions. The XRP Market Value to Realized Value (MVRV) Long/Short Difference also shows positive readings, suggesting more holders are willing to hold instead of selling. Additionally, a falling wedge pattern on the 4-hour chart indicates a potential bullish signal. However, if XRP whales start selling, the price may remain stagnant at $0.53 or even drop to $0.50.
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