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Key Takeaways
▪ Wednesday’s rally toward $1.40 fully reversed.
▪ Golden pocket spans roughly $1.24 to $1.26.
▪ RSI near 36, closing in on oversold.
▪ XRP sits 26% below its August peak.
Binance’s XRP/USDT daily chart on TradingView shows the October slide unfolding on far lighter volume than the August and September rallies, with no panic-selling spike so far.
The bounce that did not last
Earlier this week, XRP bounced off the golden pocket, the zone between the 0.618 and 0.65 Fibonacci retracements of its August rally. By Wednesday the move had stretched to about $1.40 before sellers stepped in.
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