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07/01 13:47
XRP Forms Mysterious “Silent Candle” Below Key Res
XRP Forms Mysterious “Silent Candle” Below Key Resistance—Big Move Ahead?
XRP’s latest daily chart has sparked renewed speculation in the crypto space after a rarely seen pattern appeared just under a significant resistance zone. According to crypto analyst Dark Defender, the asset printed what he describes as a “Silent Candle,” highlighting a near-standstill in price movement across a full trading day.
The unusual candle emerged directly beneath a long-standing descending resistance trendline. This price stagnation, even after the wider market movements, is an indication of a rare stasis between the bulls and the bears.
Technical indications suggest that the asset is at a turning point, as shown in Dark Defender’s chart, which displays the Ichimoku Cloud depicted by a thick cluster of resistance positioned close to XRP.
This trend indicates that any breakout effort will be met with immediate selling unless it is done with huge volume.
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