Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion XRP exhibited divergence on key price chart technical indicators. The token saw an increased building on the network, but investors’ confidence declined. Ripple [XRP] could face a correction because of increasing divergence between key […]
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionThe token saw an increased building on the network, but investors’ confidence declined.could face a correction because of increasing divergence between key price chart indicators. Despite the January rally, XRP hasn’t reclaimed its pre-FTX level of $0.5.
The RSI dropped significantly from mid-January and rested slightly above the equilibrium of 50, showing a decline in buying pressure. If the drop in buying pressure continues, bears could gain more leverage.
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