Crypto Emad
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โ๐ $XRP โ Is the scenario of 2017 and 2021 repeating?
XRP has risen by more than +500% over 9 months, from $0.40 to $3.09, but 93.9% of the circulating supply is now profitable โ a percentage that historically indicates the proximity to a peak.
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๐ Concerning Indicators:
- In 2018 and 2021, profitability exceeded 90% โ followed by a collapse of 85โ95%
- The NUPL indicator has entered the "belief denial" zone
- A descending triangle pattern is forming on the chart, with critical support at $3.05
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โ ๏ธ Possible Scenarios:
๐ Downtrend โฌ ๏ธ Break below $3.05 then $2.39 (โ23.5%)
๐ Uptrend โฌ ๏ธ Break above resistance at $6 then $15โ$30---
๐ง Summary:
- The market is at a sensitive point between opportunity and risk
- Holding above $3.05 keeps hope alive, breaking it warns of widespread profit-taking
๐ข Follow #CryptoEmad for accurate analyses and promising opportunities ๐ฅ
#XRP #Ripple #BinanceSquare #AltcoinSeason
XRP has risen by more than +500% over 9 months, from $0.40 to $3.09, but 93.9% of the circulating supply is now profitable โ a percentage that historically indicates the proximity to a peak.
---
๐ Concerning Indicators:
- In 2018 and 2021, profitability exceeded 90% โ followed by a collapse of 85โ95%
- The NUPL indicator has entered the "belief denial" zone
- A descending triangle pattern is forming on the chart, with critical support at $3.05
---
โ ๏ธ Possible Scenarios:
๐ Downtrend โฌ ๏ธ Break below $3.05 then $2.39 (โ23.5%)
๐ Uptrend โฌ ๏ธ Break above resistance at $6 then $15โ$30---
๐ง Summary:
- The market is at a sensitive point between opportunity and risk
- Holding above $3.05 keeps hope alive, breaking it warns of widespread profit-taking
๐ข Follow #CryptoEmad for accurate analyses and promising opportunities ๐ฅ
#XRP #Ripple #BinanceSquare #AltcoinSeason
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