👉Ripple price broke out of the consolidation zone between the key $0.560 and $0.613 levels on Sunday and gained 4.5%. It also retested the July 31 high of $0.658 but failed to close above it. As of Monday, it was trading slightly higher at $0.645.
👉RSI is approaching the overbought level of 70. If it enters this zone on the close, the possibility of a price decline increases. Another possibility is that the bullish momentum continues and RSI rises further to the overbought level.
👉However, if Ripple price breaks and closes below the consolidation zone around $0.613, the price could continue and extend the decline to retest the lower consolidation level at $0.560.
