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XRP bounced 6% from $1.05. My timeline is calling the bottom. I disagree.
RSI hit 25 on the daily. Oversold bounces are normal and expected. That part makes sense.
But price is still under EMA20, EMA50 and EMA200 on the daily. All three sloping down. One green candle does not change structure.
$1.13 is the 4H EMA20. That is the first real test. Rejection there and this whole move retraces back toward $1.05 fast. Relief rally and trend reversal are two completely different things.
#xrp #XRPRealityCheck #SpotTrades #MarketSentiments $XRP $ALLO $ADA
RSI hit 25 on the daily. Oversold bounces are normal and expected. That part makes sense.
But price is still under EMA20, EMA50 and EMA200 on the daily. All three sloping down. One green candle does not change structure.
$1.13 is the 4H EMA20. That is the first real test. Rejection there and this whole move retraces back toward $1.05 fast. Relief rally and trend reversal are two completely different things.
#xrp #XRPRealityCheck #SpotTrades #MarketSentiments $XRP $ALLO $ADA
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