#MarketPullback
Connect with Like-minded Crypto Enthusiasts! Connect on Discord! Check our Discord The XRP price moves according to a recurring pattern that is visible in the Relative Strength Index (RSI). This pattern consists of three phases: a strong increase, a correction, and a possible blow-off top. The current RSI is between 80 and 97, levels that have often been associated with a final parabolic rise in earlier cycles. Could the XRP price show a new breakout soon because of this? Technical signals strengthen XRP price The XRP price reached a low of around $1.79 earlier this year and then rose to about $3.55. Since then, the price has been consolidating around $3.12. On the Binance chart, a golden cross is visible. This is a technical pattern where the shorter average moves above the longer average. This often indicates sustained upward strength. The candle structure confirms that XRP remains above significant support levels. This shows that buyers dominate the market, even after periods of profit-taking. The combination of a golden cross and consolidation above $3 suggests that the price is in the third phase of the RSI pattern. Which crypto to buy now? Read our comprehensive guide and learn which crypto to buy now might be wise! Which crypto to buy now? Bitcoin moves around the ATH and remains one of the most attractive cryptos for many investors, with relatively low risk and a proven track record. Recent statements from Fed Chairman Jerome Powell, who called Bitcoin “digital gold,” reinforced confidence. At the same time, macroeconomic developments and a strong altcoin rally caused additional movement on… Continue