Matrixport: XRP Shows Potential for Further Gains Amid Market Uncertainty
According to PANews, Matrixport's analysis indicates that XRP's recent performance against USDT has shifted from a prolonged sideways trend to a rapid increase, adding complexity to market chart analysis. The Relative Strength Index (RSI) is a commonly used indicator in trading strategies. Historical data suggests that when the RSI approaches 40%, there is a higher probability of an XRP rebound, while nearing 70% may indicate an overbought condition.Currently, XRP's RSI is approximately 40%, suggesting potential for further gains. The recent change in the U.S. administration, with U.S. President Donald Trump in office, may lead the SEC to reassess its lawsuit against Ripple Labs, introducing some market uncertainty. Analysts believe that XRP's recent rebound may have additional upward potential.