$XRP at a sensitive area… but being oversold doesn’t mean we’ve reached the bottom.
Ripple is trading near $1.09 after falling more than 6% in 24 hours. The daily RSI is near 26, reflecting strong selling pressure, but the trend remains downward.
The levels I’m watching:
- $1.09 is an important current support.
- $1.05 is the next support if the sell-off continues.
- $1.14 is the first resistance the price needs to reclaim.
- $1.20 is an important level for changing the technical picture.
Reclaiming $1.14 could open the way toward $1.20, but a break below $1.05 would weaken the chances of a short-term recovery.
What I see now is that XRP needs a return of genuine demand, not just a bounce caused by seller exhaustion. So I’m watching the daily close and trading volume before deciding whether to buy.
#XRP #Ripple #BinanceSquare
Ripple is trading near $1.09 after falling more than 6% in 24 hours. The daily RSI is near 26, reflecting strong selling pressure, but the trend remains downward.
The levels I’m watching:
- $1.09 is an important current support.
- $1.05 is the next support if the sell-off continues.
- $1.14 is the first resistance the price needs to reclaim.
- $1.20 is an important level for changing the technical picture.
Reclaiming $1.14 could open the way toward $1.20, but a break below $1.05 would weaken the chances of a short-term recovery.
What I see now is that XRP needs a return of genuine demand, not just a bounce caused by seller exhaustion. So I’m watching the daily close and trading volume before deciding whether to buy.
#XRP #Ripple #BinanceSquare