Main meals
The movement of the price, the spot and the contracts for the downside script of XRP in the coming days. Altcoin seems likely to correct about 2.6 dollars and $ 2.4 after that.
ripple [XRP] He was defending the support level of $ 2.74 at the time of writing this report, but the declining feeling at the market level threatened to send XRP to a declining direction.
This idea was reinforced by the spot and CVD Taker Futures topped over the past month.
the CME open attention It has achieved a record in recent days, a development that usually accompanies the upscale settings. However, my bullish scenario was not revealed here.
Ampcrypto indicated that the Heatmap map for cost distribution highlighted $ 2.8 as a major level.
Source: XRP/USDT on Tradingview
The lowest level in August at $ 2.74 was vital, as the chart showed above. The decrease in this support can lead to a decrease of XRP to $ 2.4.
The MFI was decreasing, and the structure was for 12 hours. Other scales were agreed with homosexual expectations.
XRP Spot and futures contracts show the sale of hegemony
source: Cryptoquant
Since late July, Spot Taker CVD (Delta 90 days) has been negative.
During this time, the XRP price procedure created a level of $ 3.4 as a short -term resistance, just shy of $ 3.65 Ever Made in July.
CVD Spot Taker and the size of its decrease in size reflects a dominant stage in the immediate market. Investors want to see this direction change before violating $ 2.74 support.
the Bitcoin [BTC] Less than $ 110,000 has been hurt to the market weakness, and XRP holders may have to be ready for more losses.
source: Cryptoquant
Like the immediate market, the futures market is also reflected in a dominant stage on selling dominant to XRP. CVD Taker Taker was also 90 negative days since late July. I showed a dilemma behind XRP.
Open attention data (OI) from Coinalyze Support this statement.
Since the end of July, OI was in a declining direction. Over the past two weeks, the opposite OI has reflected the homosexual feelings between speculators.
source: Cryptoquant
In the face of these descending ideas, the estimated financial lever (ELR) seemed to give a positive rotation. The falling ELR indicated that the market was not seriously concluded.
As such, it is possible that violent liquidation waterfalls are not a threat to merchants.
Overall, the XRP look was still down. As long as XRP remains above $ 2.74 and $ 2.6, the declining mode will be rescue.
