Crypto
XRP's Momentum Flatlines at Decision Zone
XRP is stuck in a tight trading range, refusing to break above its short-term ceiling at $1.52 or fall below its support levels at $1.44 and $1.42.
This situation has been brewing since September 30th, with the asset trading as low as $1.49 before rebounding to $1.54 this week.
The bulls are in a tough spot, as the momentum indicators have stalled and the smart money is positioned long but spot flow hasn't followed yet.
According to the top-trader long/short ratio on Binance, the 'smart money' cohort is 74.5% long XRP futures, while retail traders are also leaning bullish with a 72.5% long position.