$XRP ‌ today is at 1.139; the 24-hour high is 1.1569 and the low is 1.1282. The range is less than three points, and its trading volume ranks 17th among perpetual contracts. You can see it yourselves—this low-volume sideways move isn’t building a base; the market is waiting for a direction. Whoever makes the first move will be the one to get hurt.

Some people are still talking about the CLARITY Act, regulatory implementation, and a target price of $28, but the chart clearly isn’t buying it. I’ve been watching the 1.14 range for two days: every time it’s pushed up, it gets slammed back down. What does that mean? It means the sell pressure above hasn’t been digested yet, and the bulls at this level don’t have the confidence to keep chewing through it. The daily structure looks like an ascending triangle, but the 200-day moving average is still at 1.44, capping it from above. It’s far away—this rebound can only be counted as a breather after oversold conditions, not a reversal.#MicronSurges12Percent