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XRP Holds Range As Buyers Begin To Absorb Supply, The Setup Behind A Potential Breakout

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◌ Single Source

XRP Ledger: Taker Buy Sell Ratio | Source: CryptoQuant.

XRP is struggling to push above the $1.50 level as the market heats up and buyers search for the momentum needed to break through resistance that has capped the recovery at every recent attempt.

Key facts

Summary

The most important signal the analyst identifies is not what is happening, it is what is not happening. That equilibrium is more significant than it initially appears. The analyst’s finding is that the absorption is real, documented in the order flow, and building toward a specific structural outcome. The CryptoQuant analysis adds the volume dimension that completes the picture.

Read full article at Bitcoinist →