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In a new update posted on X, Market Strategy Dom (@TraderView2) argues that one technician is now well carried now carrying the next directional step key for XRP. A six -hour trading scheme He appears The Binance XRP/USDT pair reaches 2.48-2.50 dollars before night before it stops strictly at the average price of the weighted size to the highest level of 2018 ever (the so-called “ATH VWAP”, a green decree).
Since late January, VWAP, who is dying dynamically, was crowned every major attempt to gather, and on four separate occasions, which caused immediate and high -speed rejection.
The latest battle produced a summary increase to $ 2.4082 (the highest session) and a $ 2.3644 leveling price, leaving a clear upper tail below VWAP. DOM is called the “expected” reaction, given the very clean technical memory of the husband, but it also stresses that the market has already regained a decisive intermediate axis: separate VWAP at about $ 2.30.
The analyst notes that this level is now “tested” inside the day; A successful reservation there would leave the price installed between the close support at $ 2.30 and the resistance in ATH VWAP near 2.48-2.50 dollars. The decisive closure above the latter, as Dom said, “open the sky for the largest penetration” by removing the final barrier that contains XRP since early January near $ 3.50.
Huge XRP coming up?
The demand flow data supports bulls. DOM has tracked net net flows depending on the volume of trade and finds that tickets between 10,000 to 50,000 XRP and 50+ XRP have turned positively over the past three days, while the smaller clips (100-1,000 and 1,000-10,000 XRP) has turned. “Little Fish sold Rip and has become the largest money behind it,” he wrote, adding that the data set cannot distinguish between the trade portfolio and the institutional portfolio but “very unlikely” to exchange interior.
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The context of the broader market confirms the sense of mature defense. A separate thermal map of permanent annual financing prices that DOM shares in twenty -seven major capital from November to May. The fees highlight two periods – late November to December 9 and the first weeks of May.
The December group coincided with the “ALTS Summit”, and argues that the current mass represents the most intense speculative pressure since that episode. “The most powerful step in the Altcoin market since November and it seems that the financing appears … I said that last week and I will say it again. I hated it.”
Against that background, the instant artistic road map is still bilateral. XRP must first defend the VWAP of the Break this shelf and traders will continue to investigate the ATH VWAP roof. It lost it, and the least resistance path swings towards the crowded mid -$ 2.00, which set most of April.
But does the bulls finally impose the descending VWAP acceptance-a achievement they did not achieve once this year-the analyst only sees little on the upper show until the mid-seventies, which is the lower boundaries of the distribution group in late January. Dom also concludes, “The above acceptance at the ATH VWAP opens the sky due to the greater outbreak.”
At the time of the press, XRP was traded at $ 2.46.
Distinctive image created with Dall.e, Chart from TradingView.com
