XRP's two-week RSI falls to 13-year low as price drops to $1.29
- —XRP's two-week RSI fell to about 33.5 — a 13-year historical low
- —XRP trades at $1.29, squeezed between the 20- and 50-week moving averages ($1.29 and $1.52)
- —A close below $1.29 opens the way to the psychological level of $1.00
- —The price is holding at the lower boundary of a multi-year ascending channel
Why it matters: An extremely low RSI and the defense of a multi-year trendline will determine whether a cycle bottom has formed or XRP continues to fall.
Source: BeInCrypto CN