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Don't Get Distracted As RSI Is Still Above A Bullish 50% For XRP
After smashing critical resistance levels to new highs, XRP is stabilizing, according to technical analysis. As the RSI remains over 50%, a crypto expert warned of an upcoming XRP price fall, encouraging investors not to become sidetracked. The expert uses short- and long-term XRP price charts to prove that the cryptocurrency is in a bullish trend despite expected corrections.
XRP RSI Suggests Crash
The 4-hour XRP chart shows a double tap pattern in the Relative Strength Index (RSI), a technical indication of cryptocurrency momentum. Double tap patterns usually indicate more price decline before price stability.
Crypto expert on X (previously Twitter) says the RSI's repeated dips into oversold zone suggest XRP might plummet to new lows. XRP bounced off $2.17 support, according to the expert.
Consolidating after reaching this support level, the XRP price may rise following a dip. Despite a minor market rebound, the expert predicts another price fall in this support zone as the RSI approaches oversold levels.
The RSI reached oversold territory in December after falling below 30%. XRP's RSI is over 50%, suggesting a price drop between $2.17 and $2.18. Dark Defender predicts a price drop once XRP enters oversold zone within a day.
After the market consolidates after its anticipated price drop to new lows, the expert expects the XRP to continue its climb. expects XRP's next price objective following this pullback to be over $3, up roughly 40% from $2.17.
Strong bullish setup on XRP 3-Month Chart
Following his forecasts that XRP might fall as it hits oversold circumstances, Dark Defender provided a 3-month chart analysis with a more optimistic perspective. In the chart, XRP broke past a multi-year barrier level for the first time in over five years, signifying a bullish move.
#BTCNextMove #MarketPullback #USJoblessClaimsFall #XRP $XRP $ETH $BTC
After smashing critical resistance levels to new highs, XRP is stabilizing, according to technical analysis. As the RSI remains over 50%, a crypto expert warned of an upcoming XRP price fall, encouraging investors not to become sidetracked. The expert uses short- and long-term XRP price charts to prove that the cryptocurrency is in a bullish trend despite expected corrections.
XRP RSI Suggests Crash
The 4-hour XRP chart shows a double tap pattern in the Relative Strength Index (RSI), a technical indication of cryptocurrency momentum. Double tap patterns usually indicate more price decline before price stability.
Crypto expert on X (previously Twitter) says the RSI's repeated dips into oversold zone suggest XRP might plummet to new lows. XRP bounced off $2.17 support, according to the expert.
Consolidating after reaching this support level, the XRP price may rise following a dip. Despite a minor market rebound, the expert predicts another price fall in this support zone as the RSI approaches oversold levels.
The RSI reached oversold territory in December after falling below 30%. XRP's RSI is over 50%, suggesting a price drop between $2.17 and $2.18. Dark Defender predicts a price drop once XRP enters oversold zone within a day.
After the market consolidates after its anticipated price drop to new lows, the expert expects the XRP to continue its climb. expects XRP's next price objective following this pullback to be over $3, up roughly 40% from $2.17.
Strong bullish setup on XRP 3-Month Chart
Following his forecasts that XRP might fall as it hits oversold circumstances, Dark Defender provided a 3-month chart analysis with a more optimistic perspective. In the chart, XRP broke past a multi-year barrier level for the first time in over five years, signifying a bullish move.
#BTCNextMove #MarketPullback #USJoblessClaimsFall #XRP $XRP $ETH $BTC
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