A cryptocurrency analyst revealed to the cryptocurrency community on X that XRP may experience a surge within "T-9 days", suggesting a possible bull market. XRP has created a series of higher lows and higher highs within the weekly time frame
A cryptocurrency analyst revealed to the cryptocurrency community on X that XRP may experience a surge within "T-9 days", suggesting a possible bull market. XRP has created a series of higher lows and higher highs within the weekly time frame.
In addition, RSI has formed a bullish crossover and exceeded the 50 level. Cryptoinsightuk claims that through these analyses, "this indicates that in my opinion, $XRP will surpass $ETH in the coming weeks
The monthly time frame highlights the price trend of XRP/ETH and the possibility that RSI is forming a parabolic curve. This can be considered a positive signal as counterfeit coins may be expected to rise soon in the coming months.
According to analysis, in the long run, XRP may experience a surge in the future. However, the 1-day chart of XRP/USDT has shown that as RSI reaches the overbought zone, counterfeit coins are experiencing a surge in overbought.
The current RSI value is 84.69, reaching the overbought area when forming a bullish cross and breaking through the 70 level. From the trajectory of RSI, it is expected that XRP may continue to climb. Ideally, when RSI reaches the overbought zone, traders may expect a decline or pullback.
However, if the hypothesis of cryptocurrency analysts is verified, XRP may continue to rise while RSI remains in the overbought region. As of now, XRP has broken through the resistance level of $0.67 and continues to closely track the Bollinger Belt.
(Personal opinions do not constitute suggestions)
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