XRP’s bullish trend on monthly charts signals potential for further gains.
Historical data warns of a 73% drop if XRP hits critical resistance levels.
RSI and MACD indicate neutral market sentiment with mixed short-term outlook.
XRP’s price moves have analysts divided as to its forward trajectory, with some predicting a massive surge and others a major crash. What happens next could have a big impact on the crypto market.
XRP Could Go Much Higher
Crypto analyst Dark Defender says XRP is following its 2017 monthly trend. Even though there are corrections in shorter time frames, like 4-hour and daily charts, XRP’s overall trend is bullish.
Indicators like the Relative Strength Index (RSI) suggest positive momentum in weekly and monthly charts, meaning XRP’s upward trend.
He also says the monthly chart is similar to historical patterns, which is a promising sign. If XRP follows its 2017 trajectory, its price could increase a lot. Key metrics aren’t overbought yet, so there’s room for more upward movement.
Hi all! People often focus on smaller time frames, but here we are with a $XRP update on a monthly time frame!
We are closer to finalising th…
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