The current XRP price stands at around $1.46, with some analysts pointing out a significant technical signal that could influence the token’s next major movement. According to CryptoBull, a crypto analyst, investors should closely monitor the Relative Strength Index (RSI) on the weekly and monthly charts, which are currently showing unusually low readings.
This signal is intriguing because the RSI has dropped even lower than the levels observed during the market bottom in 2020 when XRP was trading near $0.11. Essentially, the RSI measures the strength or weakness of buying momentum. When the indicator reaches extreme lows, it often indicates that selling pressure may be nearing exhaustion, setting the stage for potential price recovery.
Given this unique setup, the analyst suggests that XRP might be in the process of forming a long-term bottom, and if momentum starts to recover, the next phase of the market cycle could propel prices significantly higher. Some projections indicate that XRP could target double-digit price levels over time, with $10 being considered a possible long-term milestone if overall crypto market conditions turn bullish.
Short-term movement remains cautious
In the short term, XRP is trading within a relatively narrow range of $1.46 to $1.50, displaying stability after recent volatility. The next crucial resistance level is around $1.54, a breakout of which could signal increased buying interest. Meanwhile, support levels at $1.41 and $1.37 are important zones that traders are monitoring for potential pullbacks.
XRP may also be entering the initial phases of a new growth cycle. These long-term patterns typically take years to develop, but once momentum returns, they can lead to significant price movements driven by renewed investor enthusiasm and broader market participation.
While short-term price fluctuations are expected to persist, the combination of historically low RSI readings, stable price consolidation, and improving market sentiment is attracting attention from traders who believe that XRP could be gearing up for a substantial move in the upcoming crypto market cycle.
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