XRP/USD 1D Chart
Price breached support at $0.58154, plunged to $0.515 and retraced back to $0.56702. The cause behind the retracement was increased demand which formed a demand zone (highlighted area) and could help rally the price. RSI shows a bullish divergence which is another confirmation of a bullish price. In order to enter the market, we need to wait for the price to climb back from support, retrace and rally for a better entry in order to confirm a bullish case.
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