Tambirul930
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On Dec. 1, XRP
$XRP ~ $2.34
dropped by around 5.50% to as low as $1.85, showing signs of bullish exhaustion after rallying 45% in the past four days.
XRP “overbought” — Bigger drop ahead?
XRP’s decline today appears as its daily relative strength index (RSI) continues to alert the market about its overbought conditions.
When the RSI reading exceeds 70, technical analysts often interpret it as a signal that the asset is overbought. This means the price may have risen too quickly, and the asset could be overvalued in the short term.
#BSCOnTheRise
$XRP ~ $2.34
dropped by around 5.50% to as low as $1.85, showing signs of bullish exhaustion after rallying 45% in the past four days.
XRP “overbought” — Bigger drop ahead?
XRP’s decline today appears as its daily relative strength index (RSI) continues to alert the market about its overbought conditions.
When the RSI reading exceeds 70, technical analysts often interpret it as a signal that the asset is overbought. This means the price may have risen too quickly, and the asset could be overvalued in the short term.
#BSCOnTheRise
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