
XRP $3 Comeback Journey Begins
After a short correction, XRP has proven resilient, and indications are that it may rebound again towards the $3 mark, which was last reached during earlier periods of high euphoria. The recent rally around the $2.80 range is not just a relief rally; if significant resistance levels are met with high volume, this could serve as the catalyst for a larger upward move.
The chart shows that XRP has regained the 21-day EMA (moving average) after a string of sharp daily red candles. The oversold RSI (Relative Strength Index) dip below 46 served as a buyer trigger and supported this bounce. Currently, XRP is trading at $2.87, but short-term momentum might push it closer to $2.96, the next immediate resistance level that is indicated by a psychological round number barrier and a local high.
XRP falls off
Source: u.today