⭐⭐Crypto expert evaluated: Will Ripple (XRP) bull continue? ⭐⭐
Cryptocurrency analyst Charting Guy made remarkable statements about Ripple (XRP). In a chart he shared on X, the analyst stated that XRP has recently been trading in a narrow band between $ 2.30 and $ 2.90. Emphasizing that this narrow range coincides with the daily RSI (Relative Strength Index) level, Charting Guy stated that if the price RSI rises above 70, bullish signals for Ripple may strengthen. So, what predictions does the analyst make for Ripple?
Looking at the current price movement of XRP, Charting Guy thinks that new peaks are possible. The analyst states that the consolidation period in Ripple is necessary for the price to gather energy for new peaks. Consolidation is defined as a period in which the price moves sideways within a certain range and accumulates energy before making a big move.
Despite the prediction that XRP may reach new highs, the volatile nature of the crypto market should be taken into account. XRP, which exceeded the $ 2.5 level earlier this month, later fell to $ 2.25. XRP, which fell to $ 1.95 in recent days, quickly recovered and gained confidence. Ripple, which has a stronger stance compared to other altcoins, is giving positive signals for the upcoming bull season.
It is thought that XRP's upward momentum may accelerate if major coins gain value, Bitcoin dominance declines, or XRP remains above $ 2.50. In such a scenario, the $ 3 level can be followed as the first important resistance point.
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