XRP's Monthly RSI Echoes Past Breakouts, Analyst Seeks Crossover Signal
Ripple's XRP is flashing signals that it may be gearing up for another explosive price move, according to a recent analysis by Crypto Crew University.
The analyst notes that XRP's monthly Relative Strength Index (RSI) has reached its highest level since 2017, preceding the token's run to $3.66 in July.
This pattern is reminiscent of the setups that preceded major rallies in both 2017 and 2021, raising speculation about another powerful surge for XRP.
The analyst is waiting for XRP's RSI to reclaim its moving average before entering the market, citing past examples where this crossover provided a strong buy signal.