XRP surged following positive news as the U.S. SEC announced the dismissal of its lawsuit. For a bullish reversal, the price must break through the descending trendline. A short-term profit-taking level is set at 95 THB, with an entry point around 74 THB, and a stop-loss if the price drops below 66 THB.
The RSI rebounded quickly after testing the oversold level. However, if a new high isn’t formed, there is still a risk of another pullback. As long as the price holds above the given support levels, it presents a potential buying opportunity.
The RSI rebounded quickly after testing the oversold level. However, if a new high isn’t formed, there is still a risk of another pullback. As long as the price holds above the given support levels, it presents a potential buying opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.