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Wait, did $XRP just print a bottom or is this a massive bull trap?
The 1h chart is looking spicy. We just saw a solid V-shaped recovery after that nasty dip to the 1.11 zone. It’s showing some real strength and managed to reclaim the 1.40 level pretty fast.
Volume is picking up but we’ve hit a bit of a wall near 1.54. Right now, it’s consolidating.
If we can hold above 1.44, I’m looking for another leg up to test those local highs again.
But if we lose this immediate support, we might be headed back down to fill some of those gaps.
Staying cautious here until the next candle settles.
#FedLeadershipImpact