Those who thought it was holding steady just a couple of days ago must be having a rough time today. $XRP is down 6.36% in a day, trading at 1.09, just a step away from its 24-hour low of 1.08.
This isn’t just an XRP problem—the whole market is pulling back today, but XRP is taking a particularly hard hit. The RSI is already at 23.4. The drop has been sharp and relentless, so it may be oversold in the short term, but oversold doesn’t mean the decline is over. The 1.08 level is right beneath our feet: if it gives way, we’ll see a new low. Anyone holding right now must be feeling stuck, not knowing whether to sell or stay put.
I’m inclined to sit tight for now, since 1.08 hasn’t broken yet. If it does, then I’ll reconsider. That would mean this downturn isn’t over, and the price will have to look for support even lower down.
A word of honesty from anyone holding $XRP : are you more tempted to buy the dip, or to get out?
$XRP
#XRP #MarketAnalysis
This isn’t just an XRP problem—the whole market is pulling back today, but XRP is taking a particularly hard hit. The RSI is already at 23.4. The drop has been sharp and relentless, so it may be oversold in the short term, but oversold doesn’t mean the decline is over. The 1.08 level is right beneath our feet: if it gives way, we’ll see a new low. Anyone holding right now must be feeling stuck, not knowing whether to sell or stay put.
I’m inclined to sit tight for now, since 1.08 hasn’t broken yet. If it does, then I’ll reconsider. That would mean this downturn isn’t over, and the price will have to look for support even lower down.
A word of honesty from anyone holding $XRP : are you more tempted to buy the dip, or to get out?
$XRP
#XRP #MarketAnalysis