As sell-offs have rocked the crypto market, the XRP price has fallen below $3, marking the third time this month that it is losing hold of this important support level. If bulls are unable to reclaim this level, then it is likely that the altcoin will continue to decline from here. In this case, there could be brand-new opportunities to get into the cryptocurrency at lower prices, pending when the crypto market begins to rally once again.
Sell-Side Liquidity Shows When Next To Enter
After the price crash below $3, crypto analyst SiDec explained that XRP is now seeking to take out more sell-side liquidity. As explained, this sell-side liquidity is where there are a lot of stop-losses placed by leverage traders, as well as buy orders at the same level. These are usually lying below s