Burundanga News
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🚨 RED ALERT FOR #XRP ! 📉 IS A 41% COLLAPSE TO $1.18 LOOMING? DATA DOESN'T LIE! 😱💔
📢 The price of $XRP has collapsed by 12.6% in the last five days, and the on-chain signals are becoming increasingly frightening. 😥 $3 dollars are currently an unreachable dream, and the reality is that a potential collapse of 41% down to $1.18 could be just around the corner. Brace yourselves for the storm! 🌪️
The situation is critical: the Open Interest (OI) of #XRP has dropped a brutal 36% since May, indicating that investors are closing their positions, anticipating that the price will continue to fall! 📉 Funding rates have also turned negative, a clear sign that bearish bets are increasing. 🐻 This data mirrors previous declines, including the one in January that saw XRP lose 32% of its value! 🤯
But the biggest headache comes from the charts: XRP is forming a descending triangle pattern, a bearish indicator that, after an upward trend, usually means a reversal! 💔 If the price breaks below the flat support at $2.00, the bearish target of the pattern is $1.18! 🎯 Analyst CasiTrades had already warned that if $2.25 did not hold as resistance, levels of $2.01, $1.90, and even $1.55 were on the table.
The Binance liquidation heat map for XRP/USDT shows a high concentration of liquidity near $1.75. If that level is broken, it could trigger a cascade of liquidations pushing the price down to $1.60! 🌊 The only hope for the bulls would be a clear breakout above $2.22, invalidating the bearish structures and aiming for a rally towards $3.00. But with the current signals, that seems like a miracle! ✨
🤔 Do you think investors should take drastic measures and exit the market to avoid further losses? 👇💬
#BinanceHODLerSAHARA #BinanceAlphaAlert #MarketRebound $BTC $MUBARAK
📢 The price of $XRP has collapsed by 12.6% in the last five days, and the on-chain signals are becoming increasingly frightening. 😥 $3 dollars are currently an unreachable dream, and the reality is that a potential collapse of 41% down to $1.18 could be just around the corner. Brace yourselves for the storm! 🌪️
The situation is critical: the Open Interest (OI) of #XRP has dropped a brutal 36% since May, indicating that investors are closing their positions, anticipating that the price will continue to fall! 📉 Funding rates have also turned negative, a clear sign that bearish bets are increasing. 🐻 This data mirrors previous declines, including the one in January that saw XRP lose 32% of its value! 🤯
But the biggest headache comes from the charts: XRP is forming a descending triangle pattern, a bearish indicator that, after an upward trend, usually means a reversal! 💔 If the price breaks below the flat support at $2.00, the bearish target of the pattern is $1.18! 🎯 Analyst CasiTrades had already warned that if $2.25 did not hold as resistance, levels of $2.01, $1.90, and even $1.55 were on the table.
The Binance liquidation heat map for XRP/USDT shows a high concentration of liquidity near $1.75. If that level is broken, it could trigger a cascade of liquidations pushing the price down to $1.60! 🌊 The only hope for the bulls would be a clear breakout above $2.22, invalidating the bearish structures and aiming for a rally towards $3.00. But with the current signals, that seems like a miracle! ✨
🤔 Do you think investors should take drastic measures and exit the market to avoid further losses? 👇💬
#BinanceHODLerSAHARA #BinanceAlphaAlert #MarketRebound $BTC $MUBARAK
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