XRP price cleared $0.500 and $0.540 hurdles as it rallied 20% between October 19 and 24.
The uptrend cleared buy-side liquidity, which is likely to result in a trend reversal. A spike in whale transactions at this local top formation adds credence to the possibility of an incoming pullback. XRP price saw a sustained upward trend in the last week. But in the last two days or so, a local top formation suggests that the bull trend might have been exhausted. Investors need to exercise caution as it could catch them off guard.
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XRP price cleared $0.500 and $0.540 hurdles as it rallied 20% between October 19 and 24.
The uptrend cleared buy-side liquidity, which is likely to result in a trend reversal.
A spike in whale transactions at this local top formation adds credence to the possibility of an incoming pullback.
XRP price saw a sustained upward trend in the last week. But in the last two days or so, a local top formation suggests that the bull trend might have been exhausted. Investors need to exercise caution as it could catch them off guard.
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