Altcoins News
By Sydney TheCMO
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The Two Levels That Matter Most Right Now. Analyst EGRAG CRYPTO has been pretty clear about what XRP needs to do.
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Short Liquidations and What They Could Mean. Analyst CW brought up something worth paying attention to.
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What Traders Are Actually Watching. The range has been stubborn. Three and a half months is a long time for a crypto asset to stay…
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Three attempts. Three failures. XRP can't seem to shake the resistance sitting above it, and traders are getting impatient watching the same battle play out week after week.
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Since early May, XRP has made three separate runs at breaking out of its consolidation range — and each time, sellers have shown up to push it back down.
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Analyst EGRAG CRYPTO has been pretty clear about what XRP needs to do. There are two resistance levels that basically define the next phase: $1.51 and $1.82.
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XRP hasn't cleared $1.51 cleanly. That's the problem. Every test of that level has ended the same way — rejection, pullback, reset.
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Meanwhile, Crypto Tony is watching a wider picture. He's tracking the $1.30-to-$1.55 band that XRP has been stuck in for over three months.
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Analyst CW brought up something worth paying attention to. A lot of short positions in XRP's futures market have already been liquidated. That's not a small thing.
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Read also: Monarq, Flare, and Upshift Launch $XRP Yield Vault MXRPY Targeting 3–4% Returns
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CW's point is basically this: if long positions stay moderate — meaning traders aren't piling into overleveraged longs either — the market could see a more stable rally.
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It's a meaningful backdrop for everything else happening. XRP's repeated tests of resistance look different if the futures market is relatively clean underneath.
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The range has been stubborn. Three and a half months is a long time for a crypto asset to stay locked between two levels, and patience is wearing thin in some corners of the…
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XRP's situation is pretty much a waiting game at this point. EGRAG CRYPTO sees the $1.51 and $1.82 levels as the gates to a bigger move.
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Related: Strategy Wants to Kill $1.5B in Debt and May Dump Some BTC
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