Crypto
XRP Bulls Eye Breakout Above $1.12 as ETF Optimism Grows
XRP is trading within a narrow range, waiting for a breakout that could shift the broader trend in favor of bulls. The immediate support remains at $1.09, while the first major resistance is at $1.12.
A daily close above $1.12 would strengthen the bullish case and pave the way for a move toward $1.16. If bulls fail to hold the $1.09 support, selling pressure could increase, extending the current correction.
The 14-day Relative Strength Index (RSI) is currently at 49.43, indicating balanced buying and selling pressure. However, the weekly RSI is in oversold territory, suggesting that downside momentum has weakened.