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Oct. 24 CasiTrades Chart Puts XRP at $1.2735 During Pullback

Oct. 24 CasiTrades Chart Puts XRP at $1.2735 During Pullback

Photo: TokenPost

Crypto analyst CasiTrades' Oct. 24 one-hour XRP/USD chart placed XRP at $1.2735 during a pullback from near $1.65, labeling the decline wave 2 on its Elliott Wave count. The chart showed a Relative Strength Index (RSI) reading of 31.76, just above oversold territory. It also marked a bullish divergence: Price lows moved lower while RSI lows moved higher. The $1.2735 snapshot falls within the $1.26-$1.31 area discussed in an earlier XRP breakout analysis , which described a rebound from that range and resistance near $1.32. Enna Lee reports on investing and digital-asset markets for TokenPost.

Source: TokenPost

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