XRP/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, remained near a multi-month high on Monday, despite today’s bearish sentiment.
XRP/USD rose to a peak of 0.5447 to start the week, which is marginally lower than Sunday’s high at 0.5466.
ripple remains close to its highest level since March 30, which saw markets peak at 0.5575.
the drop off from Sunday comes as traders opt to secure gains, which coincides with the relative strength index (RSI) dropping out of a support point.
Price strength fell below the floor at 69.00 earlier in the day, and is currently tracking at 67.75.
Should momentum continue in this direction, XRP bears will likely target a floor at 0.5090.
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