๐ $XRP is in oversold territory... opportunity or trap?
Price at $1.43 (-5.36% in 24h)
๐น 1h RSI: 21.1 โ deeply oversold
๐น 4h RSI: 30.2
๐น 24h RSI: 46.7 โ neutral
Selling pressure is evident on shorter timeframes, while the broader trend remains intact, so a technical bounce is possibleโbut not guaranteed โ ๏ธ
An RSI below 30 is not a buy signal by itself. Iโm waiting for it to move back above 30, confirmed by a candle and trading volume.
๐ฌ A near-term bounce or a deeper drop?
Personal analysis, not financial advice.
#XRP #RSI #ุชุญููู_ููู #BinanceLaunchesBinanceIntelligence
Price at $1.43 (-5.36% in 24h)
๐น 1h RSI: 21.1 โ deeply oversold
๐น 4h RSI: 30.2
๐น 24h RSI: 46.7 โ neutral
Selling pressure is evident on shorter timeframes, while the broader trend remains intact, so a technical bounce is possibleโbut not guaranteed โ ๏ธ
An RSI below 30 is not a buy signal by itself. Iโm waiting for it to move back above 30, confirmed by a candle and trading volume.
๐ฌ A near-term bounce or a deeper drop?
Personal analysis, not financial advice.
#XRP #RSI #ุชุญููู_ููู #BinanceLaunchesBinanceIntelligence