Hey, guys.
#XRP has worked out the local scenario on growth - consolidation breakdown, and printed 95% of the profit from the breakdown.
At the moment locally formed reversal candlestick and volume formation, in addition, the open interest is falling, which indicates the closure of long positions, and we can see a test of supports the first zone where the price can go 0.86-0.95 where we can expect some reaction and rebound and the next zone in case of breakdown is 0.65. Can the growth continue at once - yes. But its probability now is less than correction.
On the liquidations chart we can see that retail is expecting the continuation of growth without end, and the cumulative volume of liquidations of long positions is 5-10 times higher than shorts.
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Stay tuned.
