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Noorr

07/17 15:03

Assessing why XRP’s run to its ATH faces a MAJOR r

Assessing why XRP’s run to its ATH faces a MAJOR risk!

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XRP’s RSI was nearing 90, and momentum looks stretched. BTC is coiling just below its ATH, and a breakout could trigger a capital rotation. Is Ripple about to feel the squeeze?

A month ago, Ripple [XRP] traded nearly 40% below its current price, grinding through a multi-month consolidation under $2.50. Fast-forward, and that patience is finally paying off.

But cracking $3 is one thing, and holding above it is another. Over half of the recent 40% move occurred in just the past week, and the RSI was already pushing near 90, at press time, marking a level last seen during the election squeeze.

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