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Whales have drained 15 million XRP today while 78% of small traders are stuck in losing buy positions.
Institutional view of $XRP coin
XRPUSDT
Perpetual
1.7284
-4.4%
"Hidden" data (Why am I monitoring this situation)
* Money flow: The trap is clear in the order flow. While individuals buy the dip, large order flows show sharp negative movement (-14.99 million XRP). The 5-day trend shows a massive distribution of -43.88 million XRP. Smart money is exiting and not accumulating.
* Technical analysis: The structure on the 4-hour timeframe is strongly bearish. The price faces rejection at the 7 EMA average (1.7988) and is well below the 99 EMA average. However, the RSI is at 20.34 (Oversold), which may indicate a slight corrective rebound before the next decline.
* Sentiment: This is a classic reversal signal. The buy/sell account ratio is heavily skewed towards buying at 77.90%. The crowd is fighting the trend, which usually fuels further decline as they sell off their holdings.
Trading plan
* Trend: Short (Sell) at the rebound.
* Safe entry: $1.7900 - $1.8100 (Price rejection at EMA 7/resistance).
* Aggressive entry: $1.7450 (Break below the current consolidation).
* Stop loss: $1.8650 (Daily close above EMA 25 cancels the trend).
* Targets: $1.6800 - $1.6200.
Scenario cancellation
* If the price recovers to $1.86 with strong momentum, the bearish structure has failed, and I will exit the market.
DYOR