XRP has a huge supply and most of the supply is locked in an escrow wallet. The concentrated supply of XRP in a few hands makes XRP manipulation tough.
Most popular manipulations are fake breakouts and pumps crossing critical resistances which eventually fail and playout as bull traps.
XRP is of one the only crypto tokens which undergoes a constant selling pressure from its parent company thru market makers. Pumping XRP above critical resistances is not viable as Ripple market makers sell into tops and offload chunks to maintain cashflow.
The trend is clearly bearish across all crypos and stocks globally. With companies making record lay offs, an impending recession triggered by a blackswan event is inevitable.
This penant marked with yellow lines will breakdown eventually, the person who spots the first 12 hr candle of the impending doom will make the most of it.
Remember, Shorting too early is as good as being wrong.
Patience is a virtue.
Most popular manipulations are fake breakouts and pumps crossing critical resistances which eventually fail and playout as bull traps.
XRP is of one the only crypto tokens which undergoes a constant selling pressure from its parent company thru market makers. Pumping XRP above critical resistances is not viable as Ripple market makers sell into tops and offload chunks to maintain cashflow.
The trend is clearly bearish across all crypos and stocks globally. With companies making record lay offs, an impending recession triggered by a blackswan event is inevitable.
This penant marked with yellow lines will breakdown eventually, the person who spots the first 12 hr candle of the impending doom will make the most of it.
Remember, Shorting too early is as good as being wrong.
Patience is a virtue.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。