The coordinated effort of the pump groups have proven effective. Now stopped by the last bit of order block.
Although groups are manipulating the price, it should still obey technical analysis. Technically, price broke out of the descending wedge and the target is below the $1 psychological level. So I would expect the group to pump it to $1. But there is bearish divergences and price stalled under resistance. Under normal circumstances there should be a pullback to reset the rsi probably to the descending channel's top.
Although groups are manipulating the price, it should still obey technical analysis. Technically, price broke out of the descending wedge and the target is below the $1 psychological level. So I would expect the group to pump it to $1. But there is bearish divergences and price stalled under resistance. Under normal circumstances there should be a pullback to reset the rsi probably to the descending channel's top.
Yorum:
The pullback was too deep, broke back into the channel and now reached support. Next pump is now in question if it does not bounce. break below support and XRP might see new lows. Could this have been a pump and dump group?
Yorum:
consolidating on support
