XRP tokens have been trading in a downtrend since July 2023, hitting new highs. However, technical analysis indicators now point to a breakout and future growth for the cryptocurrency.
In particular, the bullish divergence of the Relative Strength Index (RSI) on the weekly chart of #XRP was detected by CoinsKid. The well-known trader published this analysis on X on February 27.
Notably, this expert expected the XRP price to rise to $1.30 and opened a long position in this #token a few weeks ago. Today, the XRP price is trading at USD 0.55, which, according to the analysis, could represent a 135% opportunity if the trade materializes.
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