XRP is Backed Up to Hit $4: Details
Main Idea
XRP shows strong structural support and liquidity metrics, with potential to reach $4 if it maintains its current support zone, despite a discrepancy between liquidity and trade volumes.
Key Points
1. XRP is undergoing a slight correction after hitting $3.60, but liquidity metrics indicate strong structural support.
2. Trade volumes have not yet reached annual peaks, but liquidity flashes suggest market strength beyond hype.
3. XRP remains above key moving averages, with a potential move toward $4 if it stays above the $2.90-$3.00 support zone.
4. Ethereum's 1% market depth has risen to its highest level among altcoins, reflecting broader market strength.
5. XRP's order book depth resembles that of an established asset, indicating a stronger base for potential price increases.
Description
XRP healthier than you think as price comeback is actually backed by real purchases
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