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XRP (CRYPTO: XRP) holds flat Tuesday, compressing between two Fibonacci levels for a third straight day after the June 15 breakout, while ETF inflows resume and top traders stay aggressively long.
Post-Breakout Compression Is Healthy, Not A Reversal Signal
XRP has spent three days coiling between the 0.5 Fibonacci level at $1.2071 and the 0.618 Fib at $1.2440.
The 20 EMA at $1.2081 is holding as active support with the SAR firmly bullish at $1.0716. Three consecutive days of consolidation above the 20 EMA after a breakout is constructive price action, not a failed move.
Derivatives confirm the digestion is healthy rather than deteriorating. Volume dropped 33.42% and open interest sits relatively flat at $2.77 billion, meaning the leverage-driven euphoria from June 15 has cleared …
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