XRP had a strongly bullish market outlook last week but the Bitcoin downturn rocked the bulls' boats- is there another buying opportunity now?
saw a large price reset over the past week. The token threatened to break the local resistance zone at $0.625, and the bulls achieved this on Sunday, September 29th. Since then, XRP has fallen 21% on the price chart.exchange-traded product application brought a flurry of social media engagement. However, the increase in whale transactions began when Bitcoin saw a rejection at the $66.5k resistance.
XRP bulls would be hoping that they can salvage this situation. Swing traders in particular would be smelling a buy opportunity. The OBV and the price are at support levels. BTC has stalled its downward momentum at the $60k area. This showed that short-term holders were, on average, at a loss of -10%. This meant that most of these buyers entered around the $0.57-$0.58 area.
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