$XRP Ripple bulls show signs of exhaustion
Ripple price faced rejection around the $2.66 level on Tuesday and declined 12.78% in the next two days. At the time of writing on Friday, it bounces off the $2.21 daily support level and trades around $2.33.
If XRP closes below the $2.21 support level, it could extend the decline to retest its next support level at $1.96.
The RSI on the daily chart reads 57 after rejecting the overbought level of 70 on Tuesday, suggesting signs of weakness in bullish momentum. If the RSI slips below the neutral level of 50, it could signal a sharp decline in Ripple price.
Stay Bullish ๐ฅ
