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The Best Risk Reward Ratio for Day Traders.
Author
Kathy Lien
BKTraders and Prop Traders Edge
Having graduated New York University’s Stern School of Business at the age of 18, Ms. Kathy Lien has more than 13 years of experience in the financial markets with a specific focus on currencies.
XRP bulls gather around $1.25, eyeing a short-term recovery attempt as the broader crypto market consolidates. Binance's XRP reserves fall sharply, reaching the lowest level since 2021 following the resumption of withdrawals on the exchange.
Bitcoin trades downward at $76,566 on Tuesday, testing six-week lows. Ethereum, like Bitcoin, trades under pressure as it consolidates within a narrow support range. Meanwhile, Ripple hovers marginally above $1.25.
Bitcoin slips toward the key support zone around $76,455 on Tuesday, after falling nearly 2% the previous day. The largest cryptocurrency by market capitalization nears a make-or-break level, with a daily close below $76,455 suggesting a deeper breakdown.
Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), remain weak ahead of the US midterm elections on Tuesday, as last week's $6.3 billion Binance hack has dampened social sentiment.
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