No, XRP Rally is Not Over
Main Idea
The article argues that the recent dip in XRP's price is a short-term correction rather than a trend reversal, citing strong on-chain data and technical indicators.
Key Points
1. XRP's price retraced to $3.44, down about 3% on the day, but the rally is not over as it remains far above important technical levels.
2. The RSI is high at 78, indicating potential overbought conditions, but the on-chain data shows strong demand with over 1.35 million payments on July 21.
3. Structural resistance is minimal above $3.70 until $4.00, and clearing $4.00 could lead the market toward $5.00.
4. The short-term correction is seen as a typical market response rather than a trend reversal, with strong support between $2.80 and $3.00.
Description
XRP certainly entering correction, but at same time, its backbone is in place
Latest News
- CME: XRP Futures Secure New Record2025-07-22 20:12:49
- XRP to $15 in Play as Analyst Shares Bullish Insight2025-07-22 19:24:26
- XRP and BTC Prices Spike Amid Rumors of Powell's Resignation2025-07-22 18:53:19
- Banking Giant PNC Wades Into Crypto Trading2025-07-22 18:20:48
- Cardano to $1 Rally Aborted, but All Hope Not Lost2025-07-22 16:46:15