XRP price prediction shows the altcoin could eye an extra recovery gain of 10%. However, overall market caution still exists.
looks set to reverse some of its recent losses after bouncing from a crucial high-time frame chart demand level above $0.4.
A signal for bulls was the reclaim of the breaker block , white, which could make a restest of the immediate target of $0.54 likely. An upswing between the breaker block and the immediate bullish target would lead to a potential 10% recovery gain, especially if Bitcoin extends recovery to $60k. The RSI bounce also meant that buying interest improved, but it remained below average to give bulls a strong conviction. That said, clearing the $0.54 hurdle could be a challenge without strong buying pressure.The recent slight recovery also attracted a surge in sell pressure, as indicated by spikes in exchange inflows. It demonstrated that more XRP tokens were moved to exchanges for sell-off amidst the recovery.
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