XRP has a bearish outlook on the chart as bulls cling to the $0.502 support level, but a short-term bounce to $0.54 appeared likely.
The bounce from $0.5 was a sign that sellers were likely exhausted, but it is unclear if the buyers have the strength right now to reverse the momentum.was trading within a key demand zone around the psychological $0.5 support zone. It is well below the mid-range mark of $0.585, another key higher timeframe level. This outlined the HTF bearish bias for XRP.XRP bulls have resolutely defended the $0.5022 support over the past three weeks.
The CMF was at -0.04 and showed capital flow out of the market but not as strongly as it did in October. The RSI on the daily chart has been below neutral 50 for five weeks, showing bearish momentum has been dominant.The $0.502 and $0.63 levels were the key to the next impulse move for the token. The former was under siege but was defended well so far. The one-month liquidation heatmap showed that the price has collected the liquidity around $0.5 and begun to bounce toward the next targets.
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