Technical analysis by taika808 about Symbol RPL: Buy recommendation (7/18/2025)

RPL appears to be at a critical juncture on the weekly timeframe, having recently broken below its long-term descending trendline. The price is currently consolidating near the pivot level, which represents a key technical inflection point. Current Setup: Price trading below descending trendline resistance RSI showing oversold conditions with potential for bounce Critical pivot level at acting as immediate resistance Bullish Scenario: Reclaim of the pivot could trigger the projected upward path Target the resistance zone around $28-32 (marked in red) A break above the descending trendline would confirm trend reversal Risk Factors: Failure to reclaim pivot could lead to further downside Overall crypto market sentiment remains a key factor The setup suggests RPL is waiting for a decisive move above the pivot to initiate the bullish trajectory outlined in the chart projection.