We've returned to the yearly low zone where buying was found last Wednesday (BTC futures settlement which could have an effect on XRP due to correlations).
This Friday we also have the CME settlement. We will see more contracts expire, which could lead to greater BTC buying now the monthly hedge is complete.
In my view, I'm seeing a move to about $2.40 on XRP. I've noted this level as a target since it was a prior supply zone that broke a key low at $1.91.
We have also broken a key trendline and tested in in line with the prior yearly low demand.
This Friday we also have the CME settlement. We will see more contracts expire, which could lead to greater BTC buying now the monthly hedge is complete.
In my view, I'm seeing a move to about $2.40 on XRP. I've noted this level as a target since it was a prior supply zone that broke a key low at $1.91.
We have also broken a key trendline and tested in in line with the prior yearly low demand.
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