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The price of a lion football and players are supple. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
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The latest attempt of the XRP rally got stalled just at a key price level (VWAP), which reached the highest level of assets, according to the market update published earlier on X by the Independent Trader Dom (@Traderview2).
XRP sales pressure limits price boost
12-hour binance chart common By the analyst, he shows the changing hands of XRP/USDT at USD 2,4375 at 12:18 UTC-4, which is an boost of 2.08 % in the session, but it is still unable to recover what the house determines “ATH VWAP”-Metric don-shorterminal downloads from the peak of April 2021. Green belt representing this average is currently drifting down by ~ 2.47 USD, Limiting each Medtent Advance from mid -May.
Under the price campaign, the seller’s trace is undoubted. “It was simply overloading the market sales, and passive buyers really tried to keep it so far,” he wrote the house, citing the reserved orders flow statistics, which record a net outflow of 240 million XRP in point places over the past week. Post adds that about 180 million of these units allegedly dropped on Coinbase and southern Korea, while Binance was decent flat, adds the post.
The same chart has two brief -term VWAP, which has become the last line of the coin of the nearest support: one -month Rolling VWAP each $ 2.31, currently 5.22 % below the high session (orange), and a three -month VWAP for 2.28 USD, 6.40 % lower (cyan).
XRP “Stays on monthly and quarterly vwap with a thread,” warns the house. The decisive violation of these syndromes around USD 2,31-2.33 would leave the market “only noise in the average range, up to … USD 2,20 will not be lost”, he adds, pointing to the central point in December-December from the left volume.
While Bitcoin “really just jumps” in a wide consolidation zone, correlation does not give the XRP relief. Each petite boost in BTC has been met by Fresh Piet offers in XRP, emphasizing what the house calls “very difficult to see movements up when we see this type of pressure on the market.”
For now, the technical chessboard is clear: recover ATH VWAP, and the path opens towards the swing at the end of March above USD 3.00; Lose $ 2.20 and the door closes the other way around, towards the intersection of immense volume nodes arranged below $ 2.00. As long as one of these barriers does not give, the analyst sums up, XRP “lost its stage” and remains caught in dragging the war between relentless point sellers and the thinning layer of passive offers.
During the press, the XRP traded USD 2.36.
A distinguished painting created from Dall.e, chart from tradingview.com
