XRP go fall 10% to $2.50 because liquidity tight and ETF delay
XRP price dey trade around $2.75, e dey form bearish descending triangle wey fit make am drop 8%–10% go di $2.65–$2.45 fair value gap (FVG), especially near $2.50 wey Glassnode data show say holder cost bases full ground. Ten weeks of order-book compression dey hint say volatility fit soon increase. If e close below $2.75, e fit trigger di drop; but if e break above $2.90, e go cancel di bearish pattern and mean say bounce back fit happen. Historical fractals dey show say e fit clear di $2.50 area early in di week before e go start to rebound. Market sentiment dey also waka gidigba because of ETF developments: Franklin Templeton delay im XRP ETF decision till November 14, meanwhile di new XRPR ETF record $38 million first day volume. Traders need dey watch liquidity squeeze metrics plus di upcoming ETF news as di main drivers for di next move of XRP price.
Bearish
Di descending triangle wey dey for XRP daily chart plus ten-week liquidity compression dey show say 8%–10% drop full ground dey come near like to $2.50 level. ETF delays plus steady order-book squeeze dey make bearish feeling stronger, even though strong holder cost bases for $2.45–2.55 fit give support make rebound after the sweep. Traders suppose prepare for more wahala and look out for breakout comot below $2.75 or pass $2.90 to confirm say bearish go still continue or bullish go turn back.