XRP’s weighted RSI (Relative Strength Index) continues to be one of the important analysis tools that are closely monitored in the cryptocurrency market. Analysts emphasize that this indicator plays a significant role in predicting price movements with its critical levels such as 74, 70, and 65. The current RSI status gives signals of possible short-term movements in the XRP price.
According to Egrag Crypto’s assessments, XRP’s RSI level is currently at 74, indicating a strong upside potential. RSI rising could allow the price to move higher. However, RSI falling below 70 could signal the beginning of a downtrend. In such cases, paying attention to the indicator’s movements plays an important role in determining the market direction.
Bollinger Bands and Target Prices
In another technical analysis tool, Ali Martinez notes that the Bollinger Bands on the daily chart of XRP are narrowing, and this narrowing increases the likelihood of a strong price movement after low volatility. Analysts say that the critical resistance level for XRP is $2.12, and if this level is broken, the price will be able to continue its uptrend. Otherwise, a drop below $2 could be an indication that a downtrend has begun.
In recent days, XRP has lost 4.88% of its value and traded at $2. However, analysts predict that XRP could rise to $4 if the resistance levels of $2.60, $2.65 and $2.75 are overcome. It is emphasized that these resistance and support levels should be monitored carefully.
XRP investors are advised to closely monitor critical levels in technical analysis and develop strategies based on market trends. Analysts state that it is possible to make safe investment decisions with RSI and other indicators.
