We've reached the 12M rVWAP for the first time this year which really isn't a level we want to be trading under for awhile
If bulls lose this level, we are looking at the range low of $2 as the next area of interest
Otherwise $2.50 needs to regain to get out of danger area
Spot orderbooks are skewed towards bids right now which is positive, but snapping the local low will likely send us back to $2 where the rest of the bids sit
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$XRP
We've reached the 12M rVWAP for the first time this year which really isn't a level we want to be trading under for awhile
If bulls lose this level, we are looking at the range low of $2 as the next area of interest
Otherwise $2.50 needs to regain to get out of danger area
Spot orderbooks are skewed towards bids right now which is positive, but snapping the local low will likely send us back to $2 where the rest of the bids sit