XRP Tests Critical $1.25 Support as Liquidation Map Reveals Local Bottom
Photo: U.Today
October ended for XRP with a drop of almost 19%. The main blow was the $6.3 billion hack of the Binance exchange, which dragged down the entire market. However, the sell-off recorded at the lows activated large buy orders — the current liquidity map points to the formation of local support. Now the XRP price is squeezed in a narrow corridor around $1.25, testing the boundaries of the local bottom. CoinGlass derivatives market data shows that the asset has literally been pinned to the floor.
Source: U.Today
