XRP Price Forecast: XRP trading near $1.09 on July 29, attempting to bounce within a descending wedge pattern. Monthly RSI has hit its most oversold level in the token's history, exceeding even the March 2020 COVID crash lows. Key technical levels show resistance at the 20-day EMA ($1.0983) and the SuperTrend indicator ($1.1621), with support near $1.05 and the critical $1.00 level. Fundamentally, OSL Hong Kong has opened regulated retail trading for XRP, adding a potential demand catalyst. Spot flow data shows consistent net outflows from exchanges in July, suggesting accumulation. Derivatives metrics indicate balanced retail positioning. The bullish case requires a break above the wedge's upper trendline, while the bearish scenario could see a test of $1.00 if support fails.
cryptonews.ru2天前




