📊 Glassnode indicates that institutional investors are actively taking profits.
👑💰 #XRP is shaping up as a "coin in the air"
In the next two analyses, I will show you how altcoins replicate the same scenario in different years 🔼.
Right now, in the daily chart, Ripple is moving below the mirror level of ~$2.6. This is the main resistance at the moment.
A "compression" pattern is forming just below that resistance. It's a bullish variant, an "inverted head-and-shoulders" pattern 🐂. This indicates growth.
This image is clearly bullish. But, how will it develop exactly?
The answer will be in the next analysis
