$XRP Bearish Pressure: XRP is under pressure due to broader market retrenchment and sustained selling under its daily EMAs. A breakdown below the $1.04–$1.00 zone risks invalidating recent consolidation patterns and pushing prices into deeper correction zones.
Oversold Reversal Potential: With the daily RSI dropping into oversold territory near 26, upside relief rallies are historically common at these exhaustion levels.
Bullish Reclaim Target: Bulls must reclaim $1.20 to shift market structure back toward neutral and open room for a retest of the $1.30+ moving averages.#NvidiaInvestigatesAfterHuang’sAffairApology #AIChipSlumpNasdaq #CPITestsDecemberRateOutlook
Oversold Reversal Potential: With the daily RSI dropping into oversold territory near 26, upside relief rallies are historically common at these exhaustion levels.
Bullish Reclaim Target: Bulls must reclaim $1.20 to shift market structure back toward neutral and open room for a retest of the $1.30+ moving averages.#NvidiaInvestigatesAfterHuang’sAffairApology #AIChipSlumpNasdaq #CPITestsDecemberRateOutlook
