XRP Breaks Above Accumulation Range on 4% Gain: One Signal Remains

12 hours ago 4

Rommie Analytics

Key Takeaways

  • XRP at $1.4710, up 4% on the day.
  • MA 50 at $1.3844 and MA 100 at $1.4058 both below price.
  • MA 200 at $1.7594.
  • RSI at 62.70, signal at 50.63.
  • Volume: 63.52M XRP on the daily.
  • Next targets: $1.50-$1.60 if ratio stays above 1 and buy volume rises.

What the Derivatives Data Was Telling Us Before Today’s Move

Before today’s gain, CryptoQuant data had already provided the setup. The Taker Buy/Sell Ratio had been moving close to the 1 level for an extended period, signaling that the balance between buyers and sellers was shifting from neutral toward a slight buyer advantage. XRP continued to hold the $1.35-$1.45 range, which was significant because if the ratio had stayed below 1 consistently, price would have been expected to fall much harder. It did not. Sell pres...

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