🔥 $XRP under pressure… but is a rebound approaching?
#CPITestsDecemberRateOutlook
$XRP is trading near $1.09 after a sharp downturn, while the daily RSI has entered oversold territory at around 26. This means selling pressure is elevated… but it doesn’t necessarily mean a bottom has been confirmed.
📊 Key levels:
🟢 Support: $1.08
🟢 Next support: $1.05
🔴 Resistance: $1.125
🔴 Next resistance: $1.18
📈 A cautious potential plan:
Entry: near $1.08–$1.10 after a clear rebound appears
🎯 Target 1: $1.125
🎯 Target 2: $1.18
🛑 Stop-loss: below $1.05
⚠️ If $XRP closes below $1.08 on the daily chart, pressure could increase toward $1.05 and then $1.00. Reclaiming $1.125, however, could be the first sign of a short-term improvement.
**Do you think XRP will rise back above $1.20? 🚀 Or are we seeing a new bottom?
#CPITestsDecemberRateOutlook
#CPITestsDecemberRateOutlook
$XRP is trading near $1.09 after a sharp downturn, while the daily RSI has entered oversold territory at around 26. This means selling pressure is elevated… but it doesn’t necessarily mean a bottom has been confirmed.
📊 Key levels:
🟢 Support: $1.08
🟢 Next support: $1.05
🔴 Resistance: $1.125
🔴 Next resistance: $1.18
📈 A cautious potential plan:
Entry: near $1.08–$1.10 after a clear rebound appears
🎯 Target 1: $1.125
🎯 Target 2: $1.18
🛑 Stop-loss: below $1.05
⚠️ If $XRP closes below $1.08 on the daily chart, pressure could increase toward $1.05 and then $1.00. Reclaiming $1.125, however, could be the first sign of a short-term improvement.
**Do you think XRP will rise back above $1.20? 🚀 Or are we seeing a new bottom?
#CPITestsDecemberRateOutlook
