Everyone is calling $XRP a breakdown. The structure disagrees.
16d ago•
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| Bullish narrative is real: broad market is weak, sentiment is negative. But the chart tells a different story. $XRP is sitting in a multi-year accumulation zone — $0.70 to $1 — the same range that coiled before the last major breakout. Re-accumulation forming on top of a previous breakout structure is compression, not distribution. A flush below $0.70 before reclaim is part of the pattern. Not a disaster. If the zone holds, targets stack: $3, then $5, then $10+. That's 1,000%+ from the floor. Does the $0.70–$1 zone hold as foundation, or does the market need a full reset first? [link] [comments] |
16d ago•
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