XRP Smart Money Bullish Again, Could Price Repeat January's 30% Rally?

13:41 1 min read Source: Beincrypto (content & image)
XRP Smart Money Bullish Again, Could Price Repeat January's 30% Rally? — Beincrypto

XRP gained nearly 7% over the past seven days, making it the second-best performing top 10 cryptocurrency after Dogecoin. On the surface that looks bullish, but signals on different timeframes are pulling in opposite directions. On the four‑hour chart a head-and-shoulders formation has emerged, with a neckline near $1.44 and an approximate 16% crash risk measured from the head to the neckline.

Between February 15 and 18 the price trended higher while the Chaikin Money Flow moved lower; CMF broke below zero as the price bounced, which suggests institutions may have been selling into strength. If CMF fails to recover and the $1.44 neckline breaks, the bearish pattern could activate.

The picture shifted on February 17 when exchange net position change flipped to -63.84 million XRP, a large outflow, and smaller whale addresses holding 1 million to 10 million XRP increased combined balances by 20 million coins.

xrp, chaikin money, cmf, head-and-shoulders, neckline 1.44, exchange outflow, net position, whale addresses, dogecoin, 30% rally

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