Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

• The volatility of the past few days meant Monday could establish important levels for lower timeframe XRP traders
• The bias remained strongly bearish for XRP

The markets were dominated by sellers and fear was rising across the crypto sphere after the collapse of Silicon Valley Bank. But, there were signs of an accumulation from the Bitcoin whales- could this see a reversal materialize later this month?

It was unclear at press time. XRP exhibited a firm bearish bias, which can only be shifted if the asset can climb above $0.41 on the price charts.

Read XRP’s Price Prediction 2023-24

Liquidation data from Coinglass revealed that the 24 hours preceding the time of writing saw $612k worth of positions liquidated, with a majority of them being long positions. The lowered volume of the weekend meant this figure could climb much higher on Monday.

The range lows beckon XRP on the price charts

Since November, XRP has traded within a range (yellow) that extended from $0.33 to $0.415. The mid-range mark sat at $0.374 and has acted as solid support and resistance since November. In the past few days, XRP saw a lot of volatility around this mark.

The sentiment has been fir

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Author: Akashnath S

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