🏊 XRP is still swimming, what more can I say. Thanks for joining ladies and gentlemen, appreciate it. This won't be long.
🏊 Pretty good stuff going on today as XRP's getting what looks like some big buy ins, that with Bitcoin leading the way being at $26,346 now up $600 the past 24 hours alone signaling another buy in from whales, entry.
🏊 There's no news specifically that would point to why Bitcoin or XRP are doing what they are but it's possibly with the anticipation of a Bitcoin ETF coming out soon within the next few months if not sooner.
🏊 Crypto and the general market continue to face macro headwinds keeping prices down but that isn't stopping the crypto's from being used and actively traded. For example, XRP alone last month in August made significant headwinds with regards to daily volume with XRP as a report by Kaiko revealed that even with the pullback XRP's received since it's quick jump to $1.
🏊 XRP's trade volume was $462 million last month which alone was higher by 4x then the next largest altcoins by trade volume with solana following behind at $128 million respectively, this was validated/calculated by the on-chain market data tracker Kaiko. It may just be volume but it's great to see considering it proves that XRP is still holding that Alt-coin lead, especially thanks to it's utility of being able to send and receive xrp virtually anywhere in the world for payments and remittance's, etc. Attached below is the link to the source:
https://u.today/xrp-trading-volume-in-august-left-competitors-in-dust
🏊 Even with the apparent buy in and support, we still have this diagonal resistance to face, I've added the marking today point out the support below and the diagonal line above which has proven to be nothing but resistance keeping us down. That's what we want to break past for a break out and in order to regain the 200 EMA which would help us recover price's though Bitcoin would also have to do the same first for the market and whales to get the confirmations most are likely waiting on.
🏊 In the last we're still above 0.50. We did have two apparent drop downs below but even with that 0.495 holding out and keeping support we managed to pull up above 0.50 and get the move's we're seeing today. Looks mostly like whales or someone big is trying to get us to regain that 200 EMA which is totally reasonable, it's a bullish attempt and hopefully it works out, if not we'll have that 0.50 battle again and we may not get as lucky if we have to meet that 0.495 level again. Hopefully that's not the case but would add the markings to your own charts anyway.
🏊 Leaving the chart there for now, I've set my alerts for 0.50 and 0.495-6. Said this wouldn't be too long and it won't so that's it for today, but thanks for joining me as always even if it's only a few of you guys, I always appreciate it. And feel free to leave any likes or follows.
~ Rock '
🏊 Pretty good stuff going on today as XRP's getting what looks like some big buy ins, that with Bitcoin leading the way being at $26,346 now up $600 the past 24 hours alone signaling another buy in from whales, entry.
🏊 There's no news specifically that would point to why Bitcoin or XRP are doing what they are but it's possibly with the anticipation of a Bitcoin ETF coming out soon within the next few months if not sooner.
🏊 Crypto and the general market continue to face macro headwinds keeping prices down but that isn't stopping the crypto's from being used and actively traded. For example, XRP alone last month in August made significant headwinds with regards to daily volume with XRP as a report by Kaiko revealed that even with the pullback XRP's received since it's quick jump to $1.
🏊 XRP's trade volume was $462 million last month which alone was higher by 4x then the next largest altcoins by trade volume with solana following behind at $128 million respectively, this was validated/calculated by the on-chain market data tracker Kaiko. It may just be volume but it's great to see considering it proves that XRP is still holding that Alt-coin lead, especially thanks to it's utility of being able to send and receive xrp virtually anywhere in the world for payments and remittance's, etc. Attached below is the link to the source:
https://u.today/xrp-trading-volume-in-august-left-competitors-in-dust
🏊 Even with the apparent buy in and support, we still have this diagonal resistance to face, I've added the marking today point out the support below and the diagonal line above which has proven to be nothing but resistance keeping us down. That's what we want to break past for a break out and in order to regain the 200 EMA which would help us recover price's though Bitcoin would also have to do the same first for the market and whales to get the confirmations most are likely waiting on.
🏊 In the last we're still above 0.50. We did have two apparent drop downs below but even with that 0.495 holding out and keeping support we managed to pull up above 0.50 and get the move's we're seeing today. Looks mostly like whales or someone big is trying to get us to regain that 200 EMA which is totally reasonable, it's a bullish attempt and hopefully it works out, if not we'll have that 0.50 battle again and we may not get as lucky if we have to meet that 0.495 level again. Hopefully that's not the case but would add the markings to your own charts anyway.
🏊 Leaving the chart there for now, I've set my alerts for 0.50 and 0.495-6. Said this wouldn't be too long and it won't so that's it for today, but thanks for joining me as always even if it's only a few of you guys, I always appreciate it. And feel free to leave any likes or follows.
~ Rock '
