๐ $XRP : The Ultimate Shakeout Before the Breakout? ๐
If you survived the $1.11 wick, you deserve a medal. ๐๏ธ
Look at that recovery on the 1H chart! We just witnessed a textbook liquidation flush. While the "weak hands" were panic-selling, the smart money was scooping up $XRP at a massive discount.
๐ Why this move matters:
The Bounce: XRP is outperforming the majors today, reclaiming $1.47 while BTC and ETH are still finding their footing.
The Catalyst: All eyes are on XRP Community Day (Feb 11-12). With heavy hitters from Grayscale and Gemini on the roster, the market is front-running the potential ETF and "Wrapped XRP on Solana" news. ๐
The Resistance: We are currently knocking on the door of the MA(99). A flip of this level into support makes $1.75 the next logical magnet.
๐ง My Playbook:
The RSI was oversold, and the volume on this bounce is organic. Iโm not shorting a coin with this much fundamental momentum heading into a major ecosystem event. I am looking for a consolidation above $1.45 to add to my "Moon Bag."
Pro Tip: Volatility is a gift if you have a plan. Don't let the wicks scare you out of a macro trend.
Are you betting on a "Sell the News" event for Feb 11, or is this the start of the leg to $2.00? Drop a "๐" if youโre still bullish
