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XRP’s $2.51–$2.73 ‘Gap’ Raises Stakes As Bulls Eye $3.20 Breakout


Coin Edition
для CoinEdition
XRP price gap between $2.51 and $2.73 warns of low liquidity zone.
  • XRP price gap $2.51–$2.73 reveals little on-chain activity in that zone.
  • XRP price gap is important as the $2.7 line must hold to avoid sliding back.
  • The support level then aligns XRP’s path toward $3.20 breakout.

Crypto analyst Ali Martinez brought out an XRP chart showing a conspicuous UTXO Realized Price Distribution (URPD) gap between $2.51 and $2.73, based on Glassnode’s ATH-partitioned realized distribution. 

That means very little on-chain coin activity has occurred in that band with fewer prior transactions priced there. This setup can be described as a “crucial price gap” under XRP’s current trading levels.

Source: X

If XRP’s price is inside or just above this mismatch zone, then it becomes a resistance band as well as an area lacking strong buyer support beneath. Trader risk is that if momentum stalls, the gap may act like a vacuum.

Read The Full Article XRP’s $2.51–$2.73 ‘Gap’ Raises Stakes As Bulls Eye $3.20 Breakout On Coin Edition.

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XRP’s $2.51–$2.73 ‘Gap’ Raises Stakes As Bulls Eye $3.20 Breakout


Coin Edition
для CoinEdition
XRP price gap between $2.51 and $2.73 warns of low liquidity zone.
  • XRP price gap $2.51–$2.73 reveals little on-chain activity in that zone.
  • XRP price gap is important as the $2.7 line must hold to avoid sliding back.
  • The support level then aligns XRP’s path toward $3.20 breakout.

Crypto analyst Ali Martinez brought out an XRP chart showing a conspicuous UTXO Realized Price Distribution (URPD) gap between $2.51 and $2.73, based on Glassnode’s ATH-partitioned realized distribution. 

That means very little on-chain coin activity has occurred in that band with fewer prior transactions priced there. This setup can be described as a “crucial price gap” under XRP’s current trading levels.

Source: X

If XRP’s price is inside or just above this mismatch zone, then it becomes a resistance band as well as an area lacking strong buyer support beneath. Trader risk is that if momentum stalls, the gap may act like a vacuum.

Read The Full Article XRP’s $2.51–$2.73 ‘Gap’ Raises Stakes As Bulls Eye $3.20 Breakout On Coin Edition.

Читать материал на CoinEdition

Читать больше

XRP Price Prediction: XRP Eyes $3.2 Breakout as Derivatives Interest Surges

XRP Price Prediction: XRP Eyes $3.2 Breakout as Derivatives Interest Surges

XRP price today is trading at $3.02, facing resistance near $3.04 after testing the u...
September’s Scars Fade: Is Fibonacci Pointing XRP and ETH to Uncharted Highs?

September’s Scars Fade: Is Fibonacci Pointing XRP and ETH to Uncharted Highs?

The crypto market is trying to steady itself after September’s volatility. XRP now tr...