【Will XRP Price Rise to 4.5-5 USD? Historical Indicators Give a Warning!】
#xrp recently peaked at 3.65 USD in July, while a momentum indicator called "Random RSI" also reached its peak. This indicator is somewhat like a "thermometer" for the market, used to determine whether the price is "overheated." Historical data shows that whenever this indicator spikes into the overbought zone, XRP tends to first rise to a local high, then begins to retreat, forming lower highs, and ultimately experiences a significant correction.
For example, previously XRP fell from a high of 1.6 USD due to similar signals, and holders experienced a prolonged period of sluggish market conditions.
Now, analyst Steph believes that XRP is likely to continue rising, aiming for the range of 4.5 to 5 USD, sounds tempting, right? However, she also warns everyone that this price level may very well be the "temporary peak," at which point the price could experience a pullback.