XRP heads toward key demand zone, a rebound seems...
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Surging demand on Spot CVD suggested price reversal could be imminent.
The price action on the 12-hour timeframe has seen XRP inch closer to the $0.4451 support level. It is critical to note that this support level lies just above a critical price reaction zone which has served as a key base for bullish advances in March and May 2023. On-chart indicators revealed differing opinions. The Relative Strength Indicator showed increasing momentum for the downward move as it remained below the neutral 50 and moved closer to the oversold zone.
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