XRP Bounce Fizzles: Golden Pocket Faces Another Test
Photo: Coindoo
Key Takeaways ▪ Wednesday’s rally toward $1.40 fully reversed. ▪ Golden pocket spans roughly $1.24 to $1.26. ▪ RSI near 36, closing in on oversold. ▪ XRP sits 26% below its August peak. Binance’s XRP/USDT daily chart on TradingView shows the October slide unfolding on far lighter volume than the August and September rallies, with no panic-selling spike so far. The bounce that did not last Earlier this week, XRP bounced off the golden pocket , the zone between the 0.618 and 0.65 Fibonacci retracements of its August rally.
Source: Coindoo
