XRP Price Alert: The RSI Setup That Led To A 60,000% Surge Has Returned
Amid XRP's recent sell-off to $1, market watchers note the return of a rare monthly RSI signal that previously preceded massive rallies—like the 60,000% surge in 2017. The RSI is now around 41.6, described as a deep oversold level seen only four times in 13 years. While past signals led to gains between 1,000% and 60,000%, analyst Sam Daodu cautions that those astronomical percentages started from extremely low prices and are unlikely to repeat from today's higher base. A more plausible outcome, according to the report, would be a recovery to the cycle high near $3.65—roughly a 3x move—over the next couple of years. For a move significantly beyond that, fundamental catalysts like the CLARITY Act and genuine ETF demand would be needed. Even if the bottom is in, the report suggests the full rally could take until 2027 to develop.
bitcoinist06/10 04:01