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🚨$XRP TECHNICAL UPDATE | 1D Chart
XRP trades at $1.392 (-1.28%), recovering from its cycle low of $1.119 but still fighting key resistance.
📉 Bearish Signals:
Price remains below Bollinger Upper Band ($1.431). Notably, RSI(12) at 48.15 and RSI(24) at 43.57 stay beneath the neutral 50-level indicating medium-to-long term momentum is still weak. Volume MA5 (28.97M) below MA10 (29.54M) confirms declining buying pressure.
📈 Bullish Signals:
RSI(6) at 54.69 shows short-term buyers gaining traction. Price is attempting to reclaim the Bollinger midline ($1.379) a positive early signal.
⚡ Key Levels:
- Resistance: $1.431 (BB Upper)
- Support: $1.327 (BB Lower)
Until RSI(12) & RSI(24) cross above 50, bulls must be cautious! 👀
#XRP #GateIO #CryptoTrading #Altcoins #CryptoMarketBouncesBack