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XRP revisits $3 support, but data shows bulls still in control
XRP posted an 18% rally in the first half of September, climbing to $3.18 from $2.70. However, the token failed to breach the $3.20 mark, rejecting at the four-hour fair value gap on the sell side and slipping back to retest the $3 support. Following the Federal Reserve’s interest rate cut on Wednesday, XRP was unable to register a higher high above $3.18, extending short-term weakness, lining up another $3 retest. The altcoin is also struggling to maintain its footing above the 50-day simple moving average (SMA), adding further selling pressure to near-term momentum. Futures trader DOM highlighted the bulls’ ... (full story)
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