$XRP
/ USDT
After a V-shaped recovery from 2.7826 to 3.1056, the price is now testing the strength of this surge. This is not a collapse, but a structural retest.
Market Analysis
Relative Strength Index: Neutral at 50.64, indicating that the volatility has calmed down and reached a state of equilibrium.
Moving Average Convergence Divergence (MACD): Still positive, but converging - momentum has stalled, not in a state of collapse.
Trading volume: Diminished during the rebound, indicating a lack of significant selling pressure.
This is not a reversal; it is a real test. With XRP achieving an annual gain of +429%, the current pullback may be the basis for a higher low - a hallmark of continued upward trend.
Do not think of this test as weakness. XRP needs to prove itself, and the next market movement will reveal the answer. #Xrp🔥🔥