Let’s be honest this structure is well defined. Price has been trapped for what could be a few months. If XRP is the first to get regulatory clarity in the United States, it will be the first to surpass BTC in market cap, but! it will be shat upon and ridiculed to the very last penny. BCBacker has always noted the strong $0.305. I see it potentially touching that level one last time. Not to be confused with trapped price, There is trapped liquidity in the circled candles. Specifically the area that has not seen a full retrace. And, finally, the buying volume is just not that huge compared to that giant engulfing bear candle that took us down.
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