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08/23 08:24

XRP Must Grow: RSI Says So, Bitcoin (BTC): Catastr

XRP Must Grow: RSI Says So, Bitcoin (BTC): Catastrophic Signal? Ethereum (ETH): $5,000 in September?

After dropping below its rising trendline, which indicates a deterioration in short-term momentum,XRP is now at a pivotal point. XRP is now trading at about $2.86, having lost ground above the crucial support trendline that once directed its rally.

Although indicators suggest that buyers may be losing ground, a recovery is still possible if momentum picks back up. The Relative Strength Index (RSI), which is currently trading just below 40, is one of the best indicators. Usually, this level means that the asset is approaching oversold territory, where selling pressure might start to wear off. Notable rebounds have frequently been preceded by similar RSI readings in previous XRP cycles.....

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