Technical analysis by CryptoColugo about Symbol XRP: Buy recommendation (1/8/2026)

After a huge breakout it is normal that we see a pullback. Currently we retraced 50% and looking for support at the EMA. It is possible to retrace a bit more but it's getting interested for bulls to step in. The RSI was overbought, now oversold on the 1H timeframe. I believe we are close to find a higher low and so we can break that declining trendline.