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$XRP /USDT: Reading the Signals After the Shakeout 📊
Current Price: $1.422 (up 10.15% in 24h)
Timeframe: 12-hour chart
If you've been watching XRP lately, you just witnessed a textbook example of what traders call a "washout." Let me walk you through what's happening.
The Story This Chart Tells
XRP dropped hard to $1.119—that sharp spike down you see on the chart. But here's what matters: it didn't stay there. The price bounced back quickly and is now trading around $1.42. That kind of quick recovery often means something important.
What the Indicators Are Saying
The RSI (Relative Strengt