📉 XRP: When "overbought" means it's time to go down?
If cryptocurrencies had their own version of a horoscope, Stochastic RSI would be that astrologer whispering: "You're too good for this to last forever." And here XRP is back in the spotlight - in July 2025, the RSI indicator confidently hovered in the overbought zone, and history suggests that this is usually followed by a decline. On average - by 25%. Sometimes - by as much as 45%.
🔻 Technical analysis paints a rather gloomy picture: a descending triangle, a gap in fair value (FVG), and the threat of a drop to $1.14 or even $0.60. That's a 70% decrease from current levels - almost like a sale, just without the joy.
🤔 But not everything is so bleak. Optimists (yes, they still exist) see symmetrical triangles, falling wedges, and even whales accumulating XRP in the charts. Their targets range from $3.70 to a fantastic $27.
📊 Reality? XRP is balancing between technical analysis and hope. And while traders argue over who is right, the market will decide, as always.
Not financial advice. Just a bit of irony and charts))))
