đ XRP â interesting technical situation!
Have you noticed today's drop to around $3.05? That's where a reaction occurred and a bounce back to $3.15 with solid volume. The market is currently testing important levels.
A fair value gap (FVG) has appeared on the chart â if the price holds above this zone and we see demand, it could be a good signal for further increases, e.g., towards $3.18â$3.20.
â ď¸ But be careful â the RSI has jumped out of the overbought zone on the 1h timeframe, so if this is just a "false move," there is a risk that we might return back to the $3.05 area. Then... maybe a short? đ
đ We need to monitor the situation â the next retest of the FVG and behavior at resistance will be key.
What do you think about this? Are you trading it or waiting on the sidelines?
