However, there is a hidden chart pattern formed only a few days ago: an ascending triangle. Whenever the technical analysis pattern occurs on the chart, the upward breakout should be expected in the foreseeable future.Unfortunately, the positive move would be impossible without the support of the market, which has mostly been dragging XRP down along with other alternative cryptocurrencies despite technically being in the local uptrend.
The metric measures the amount of coins that flowed in and out of centralized exchanges. Whenever the netflow turns negative, the market is losing liquidity and funding as trading platforms have no other choice but to drain their hot and cold wallets to cover withdrawal waves.
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