$XRP inside the Golden Pocket, which is now RESISTANCE
2025-02-04
Category: None

CRYPTOCAP:XRP  is fighting to cross back above the Golden Pocket ($2.64 - $2.67) & the 50 MA key resistance/support zone after dipping as low as $1.78 during last night's flash crash.

Best strategy, in my opinion, would be to wait at least until the Daily candle closes above this cluster.

What I like about  CRYPTOCAP:XRP  right now is that all the liquidity below has been swept. No more incentive for the Market Maker to push it back down. That last dip has been bought up, as expected—the Army are the greatest dip buyers in the game, hands down. Bravo.

The next logical move would be to push the price towards the Liquidity Cluster above, between $3.20 and $3.25. See the heatmap, and I also placed that liquidity pool on my Daily chart.

I did grab some spot and long leverage last night—it was a basic knee-jerk reaction type of entry (crazy low prices plus max oversold RSI, DIY next time) and happened too quickly to post.
I hope some of you bought some of that sweet blood as well.

Currently, I'm waiting to see what happens with the Golden Pocket. Remember that these tend to be proper resistances when approached from below.

Also, the Ripple Foundation has locked 70% of the billion XRP tokens in escrow, which means they will be—or are—dumping 300 million tokens. This isn't the best time to long this asset, imo. As far as spot top-ups, these should have been done last night, not into technical resistances during the ongoing unlocks being dumped.

But, you do you—the drill is the same as always. I've got enough pressure on my plate. 👽💙