Ivy Saha
@ivy1988
XRP price retraced 6.60% on Monday Sept 16, shedding over $2 billion from its market cap as it retraced towards $0.57 Bear traders mounted $31 million worth of SHORT positions against XRP in hopes that a disappoint Fed rate outcome could spark a massive market downturn. The Donchian Channel (DC) indicator sets key support at $0.55, a crucial level to maintain to avoid further downside. XRP price retraced 6.60% on Monday Sept 16, shedding over $2 billion from its market cap as it retraced towards $0.57, on-chain data shows that bulls traders taking on a neutral outlook as markets await the US Fed rate decision in the coming days.
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