Community Articles

via BeInCrypto · By Ananda Banerjee

XRP Exchange Outflows Surge 300%. Is It Enough to Save the Chart?

XRP

XRP/USDT

$1.1005

-4.67%

$1.1005

-4.67%

(24s)

24h Volume

$984,752,269.80

24h H/L

$1.1639 / $1.0946

Change: $0.0693 (6.33%)

Long/Short

75.3%

Long: 75.3%Short: 24.7%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.1037

▼ -2.29%

Volume (24h): -

Resistance Levels

Resistance 3$1.2628

Resistance 2$1.1704

Resistance 1$1.1122

Price$1.1037

Support 1$1.0712

Support 2$0.8986

Support 3$0.8195

Pivot (PP):$1.1107

Trend:Downtrend

RSI (14):36.8

Ananda Banerjee

(04:53 PM UTC)

1 min read

Verified byEmily Watson

1372 views

0 comments

XRP price faces a bearish head and shoulders pattern that risks an 18% drop below $1. Yet, exchange outflows have surged over 300% since mid-May. Plus, open interest dropped, and long leverage hit multi-week lows.

The surging buying pressure could keep XRP range-bound for now, but a move below the neckline confirms the breakdown scenario.

Bearish Head and Shoulders Pattern Risks an 18%…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Ananda Banerjee · BeInCrypto

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