#Xrp🔥🔥
XRP faces a pullback after retesting its $3 mark
Ripple’s XRP extended the rally, retesting the $3 psychological level on Monday after breaking above the daily resistance at $2.72 last week. However, at the time of writing on Tuesday, it faces a pullback and trades below $2.88.
If XRP continues its pullback, it could extend the decline to retest its daily support at $2.72.
The RSI on the daily chart reads 76 and points downwards toward its overbought level of 70, indicating that XRP is in extreme overbought territory. Moreover, the RSI continues to decline and falls below its overbought level of 70. In that case, it indicates fading bullish momentum and potentially paves the way for a deeper correction in the short term.
Conversely, if XRP closes above $3 on a daily basis, it could extend the rally to retest its January 16 high at $3.40.
