These 3 key RSI levels reveal where XRP price is headed next🔥🔥🔥

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XRP’s RSI levels offer important insights

The XRP Relative Strength Index (RSI) on a monthly timeframe offers important clues to potential price action. Analysts identify 74, 70, and 65 as key RSI levels.

At press time, the monthly RSI indicator is at 78.29, indicating strong bullish momentum. A drop to 70 by the RSI could reflect bearish momentum, while 65 is the last line of defense to maintain the upward momentum.

Technical Analysis and Market Sentiment

Analysts have observed a tightening of the Bollinger Bands on the daily chart of XRP, signaling a period of low volatility that could lead to a significant price breakout or crash. $2.12 is a key resistance level for bulls to reclaim, while $2.75 is the next important target. Over the past seven days, XRP prices fell 4.88%, from a high of $2.23 to $2.00, before recovering to $2.12.

Expert predictions and warnings

Experts predict that Ripple will rise to $4 if it breaks through the $2.60, $2.65 and $2.75 resistance levels. But they warn that failure to hold the $2 support level could trigger bearish momentum and drag XRP prices down to $1.22.

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