$XRP Turned $3 resistance into support, Thats a good sign of | CRYPTO MECHANIC on Binance Square

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$XRP Turned $3 resistance into support, Thats a good sign of strength. 

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Was going through my posts and Just realized one of my high timeframe analysis posts on Ethereum didn’t go through it was just sitting in drafts (no idea how). Was targetting $3800-4000 Anyway, we caught most of the move on $ETH , so it’s all good 😂

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The market can stay irrational longer than you think and it doesn't care about your Open interest, Overbought/oversold indicators.

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$ENA News 🚨 StablecoinX Inc has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation Equity markets will now have direct access and exposure to the most important emerging trend in all of finance: The growth of digital dollars and stablecoins. To bootstrap its acquisition strategy, StablecoinX Inc. will use all of the $260 million cash proceeds from the raise (less amounts for certain expenses) to buy locked ENA from a subsidiary of the Ethena Foundation. Starting today, the Ethena Foundation subsidiary (via third-party market makers) will use 100% of the $260 million cash proceeds from the token sale to strategically purchase $ENA across publicly traded venues over the coming weeks, further aligning the Foundation’s incentives with those of StableCoinX shareholders.

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We caught $ENA around $0.3500 and it made almost a 50% move up. The weekly chart still looks great but the daily is a bit extended. Pullback under $0.45 can provide another trade setups if it comes.

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$XRP Resting above $3.400 high, still a solid looking chart, I am still holding my position i bought around $2.600. Will be looking to add even more if i get some discounts. Its might not done yet

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