Crypto News– Suggesting the potential for a bullish trend, a crypto analyst going by the pseudonym ‘Cryptoinsightuk’ has shared insights within the crypto community, hinting that XRP might see a surge in the next “T-9 days.” The analyst noted that XRP has been forming a series of higher lows and higher highs on a weekly time frame.
Furthermore, the crypto analyst highlighted that the Relative Strength Index (RSI) has displayed a bullish crossover and moved above the 50 level. Drawing from these analyses, Cryptoinsightuk asserted, “This leads me to believe that $XRP is poised to outperform $ETH in the upcoming weeks.”
Crypto Analyst Predicts XRP Will Beat ETH in Performance Over the Next Few Weeks
Examining the monthly time frame, it becomes evident that a parabolic curve may be taking shape in both the price action and RSI for XRP/ETH. This development is viewed positively, as it suggests that traders may anticipate the altcoin’s ascent in the months to come. According to the analysis, it appears that XRP could potentially experience significant growth in the long term. However, a closer look at the XRP/USDT 1-day chart indicates that the altcoin is presently in an overbought state as the RSI has reached the overbought region.
With the RSI currently registering at 84.69, this overbought status was attained when it underwent a bullish crossover and breached the 70-level threshold. Considering the RSI’s trajectory, it is reasonable to expect that XRP may continue its upward trajectory. Traditionally, when the RSI enters the overbought region, traders may anticipate a correction or retracement in the future.
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