XRP Bounce Fizzles as Golden Pocket at $1.24–1.26 Faces Another Test
- —Wednesday's rally to $1.40 was erased over three sessions, with Saturday's low near $1.25
- —The 100- and 200-day SMAs at $1.28–$1.29 were lost intraday and now act as overhead resistance
- —RSI has slid to about 36, approaching the 30 oversold mark
- —Below the pocket, the next levels are the 0.786 Fib near $1.14 and the August low near $0.99
Why it matters: Holding the $1.24–$1.26 pocket keeps the August uptrend intact; a daily close below it would expose the 0.786 Fib at $1.14.
Source: Coindoo