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Wait, did $XRP just hit a brick wall?
I was watching that rally play out beautifully until we tapped that 2.41 area. If you look at the 1h candles, the rejection was pretty sharp. We’ve just sliced through the immediate support and now we're hovering around 2.28.
The volume on this last red drop is what has me cautious. It looks like some of the local longs are being flushed out.
I’m looking at the 2.13 - 2.16 zone next. If we can’t hold this current level, we probably slide back there to test the previous breakout point. I'm not shorting this yet because the 7-day trend is still up 23%, but I'm definitely not chasing here either.
Watching the order book closely. Sellers are definitely leaning on it right now.
#JusticeDepartmentSellsBitcoin