XRP Price Prediction: Is XRP Near a Historic Bottom as Hong Kong Opens Retail Access?
Share:
XRP trades at $1.0873 on July 29, up 1.83%, while spot netflow hit -$9.98M that day indicating net outflows and a supply-reducing signal. OSL Hong Kong has opened retail XRP trading with settlement via the XRP Ledger — the first exchange in Hong Kong to do so — while technicals show XRP compressing in a descending wedge with a bearish Supertrend and a monthly RSI at the most oversold level ever, down 72% from its all-time high per analyst Ash Crypto.
Predictions Markets
See what traders are focused on
- XRP’s monthly RSI is more oversold than during the March 2020 COVID crash, down 72% from its all-time high per analyst Ash Crypto
- OSL Hong Kong opened XRP retail trading, making it the first exchange in Hong Kong to do so with settlement via the XRP Ledger
- Spot XRP netflow hit -$9.98M on July 29, meaning more XRP left exchanges than entered, a supply-reducing signal despite the price weakness
XRP trades at $1.0873 on July 29, up 1.83%, attempting a bounce inside a descending wedge that has compressed price since the May peak as its monthly RSI sits at the most oversold reading in the token’s history.
XRP Is Still Inside The Descending Wedge With The Supertrend Bearish
The daily chart shows XRP compressing inside a descending wedge with both trendlines visibly converging. The lower trendline has held through multiple t…
Read The Full Article XRP Price Prediction: Is XRP Near a Historic Bottom as Hong Kong Opens Retail Access? On Coin Edition.
Read More
Bitway (BTW) Price Prediction: Can BTW Sustain Its Breakout Above $0.1032?
