XRP Video Update 17/12/2024
Good day, all!
Yesterday, we saw a significant green candle, indicating strong bullish interest in XRP.
Today, we are watching a crucial supply zone at $2.61. This level needs to hold and potentially transform into a demand zone in order to maintain the upward momentum, setting the path toward $3.00.
If the supply zone fails to hold, I've marked the average market price, which must then act as support for the price to maintain its structure.
The RSI on the weekly chart remains well above 70, signaling bullish momentum. However, it also suggests the market may be overbought. On the daily chart, the RSI appears to be heading back toward the 70 range, which could confirm ongoing bullish momentum.
Yesterday, we saw a significant green candle, indicating strong bullish interest in XRP.
Today, we are watching a crucial supply zone at $2.61. This level needs to hold and potentially transform into a demand zone in order to maintain the upward momentum, setting the path toward $3.00.
If the supply zone fails to hold, I've marked the average market price, which must then act as support for the price to maintain its structure.
The RSI on the weekly chart remains well above 70, signaling bullish momentum. However, it also suggests the market may be overbought. On the daily chart, the RSI appears to be heading back toward the 70 range, which could confirm ongoing bullish momentum.
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