Crypto expert evaluated: Will Ripple (XRP) bull continue?

Cryptocurrency analyst Charting Guy made remarkable comments for #Ripple ($XRP ).

According to a chart shared by crypto analyst Charting Guy on X, $XRP has recently been trading in a narrow range between $ 2.30 and $ 2.90. The analyst stated that this narrow trading range coincides with the daily RSI (Relative Strength Index) level. The RSI, which measures the momentum of the price, will increase bullish signals for Ripple if it rises above 70.

The famous analyst believes that new highs can be seen with the current price movement in XRP. The analyst also thinks that the consolidation period in Ripple is necessary for new highs to be seen. Consolidation is seen as a period when the price fluctuates within a certain range and gathers energy before a big move.

Despite the predictions that the XRP price may reach new highs, the volatile structure of the crypto market draws attention. XRP, which rose above $2.5 earlier this month, fell to $2.25. The popular altcoin, which recently hit $1.95, quickly recovered and renewed confidence. Ripple, which stands stronger than other altcoins, is giving positive signals for the upcoming bull season.

If major coins start to rise, BTC dominance falls, or #XRP stays above $2.50, the upward momentum may accelerate. In such a scenario, the $3 band can be followed as resistance first.