Quick Analysis of XRP: Ready for a Rebound?
Hey, Binance traders! XRP is trading around $3.23, with a drop of 2.03% in the last 24 hours, after touching $3.35.
The RSI at 30 (oversold zone) suggests that selling pressure may be easing, paving the way for a recovery.
Positive Context:
Favorable resolution of the SEC vs. Ripple case removed regulatory barriers.
Advancements in spot XRP ETFs (Bitwise, Grayscale) and increasing real-world adoption.
Market sentiment is bullish, with targets at $3.40–$3.50 in the coming days.
Probable Scenarios (3-5 Days):
Bullish (60% chance): Rebound to $3.40+ if support at $3.20 holds.
Bearish (30% chance): Correction to $3.00 if support breaks.
Monitor volume and SEC news!
This is not financial advice – DYOR!
What do you think, will it go up or correct more? Comment below!
