XRP experienced a 6% price rally to $1.493 on Wednesday, rebounding from a 15-month low of $1.11. Despite this increase, the macro outlook for XRP remains unchanged, with the cryptocurrency still within a bearish structure. Market analyst CasiTrades noted that the recent rally did not break key resistance levels, maintaining the broader bearish trend.
CasiTrades highlighted two potential scenarios that could alter XRP's macro plans: a drop to the $1.08-$0.87 support zone or a surge above the $1.67 resistance level. Until either scenario occurs, XRP's price is expected to consolidate within its current range, with no significant structural changes observed.
XRP's Macro Outlook Unchanged Despite 6% Rally
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