How high can XRP go this time?
Friends, the recent cryptocurrency market is on fire, especially XRP (Ripple), its surge is simply astonishing! It's like a sports car filled with gas, racing down the market track, attracting countless investors' attention. Today, let's have a good chat about how to view XRP moving forward!
First, let's look at XRP's recent performance, describing it as 'unstoppable' is not an exaggeration. From a technical analysis perspective, its Relative Strength Index (RSI) has already surged to 79.5, firmly entering the overbought zone! This is akin to a person overeating to the point of discomfort, swallowing more might just make them feel unwell. If XRP fails to break through the critical level of $3.56, it may likely face a correction, with the $2.80 - $2.65 range acting like a safety cushion, potentially supporting the downward trend to some extent.
However, if XRP can steadily hold above $3.5, the scene would be quite different! The target would directly aim for $3.8 - $5, equivalent to opening up a new upward channel, significantly increasing the upward space. If it also encounters news of ETF approval or a finalized partnership with Bank of America (BoA), it would essentially install a rocket booster for the market, possibly testing the height of $5.59 in one go, directly launching into flight mode!
