XRP price has surged roughly 8% in the last 24 hours, pushing its market cap to $147 billion and solidifying its position as the third-largest crypto, behind Bitcoin (BTC) and Ethereum (ETH). This rally has sparked renewed interest among traders, with technical indicators showing mixed signals on whether the momentum will continue.
While XRP’s RSI suggests improving bullish strength and whale activity has hit record levels, key resistance and support zones will play a pivotal role in determining its next move. The focus now shifts to whether XRP can sustain its uptrend and test higher levels or face a potential retracement to critical supports.
XRP RSI Is Recovering
XRP RSI has risen significantly to 58.9 from 41 in just one day, indicating a notable increase in bullish momentum. The sharp rise reflects strengthening buying pressure as XRP moves closer to overbought territory.
This shift suggests that the asset is transitioning from a neutral zone into a more bullish phase, with the potential for further price gains if the momentum continues.
The RSI, or Relative Strength Index, measures the speed and magnitude of price changes. It ranges from 0 to 100. Values below 30 typically indicate oversold conditions and potential reversal opportunities, while values above 70 suggest overbought levels and the likelihood of a pullback.
XRP RSI at 58.9 places it in a moderately bullish zone, implying room for additional upside before reaching overbought conditions. However, sustained momentum will be key to breaking higher levels, while a failure to maintain this trajectory could result in consolidation.
XRP Whales Are Breaking Records
The number of
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Author: Tiago Amaral
