Analyst flags third monthly RSI pattern on XRP that preceded past rallies
- —XRP monthly RSI sits below its moving average, forming a "pocket" for the third time
- —After the 2018 setup XRP rose from $0.18 to about $2, roughly 11x
- —After the 2022 setup XRP rose from $0.37 to about $3.30, roughly 9x
- —XRP trades near $1.5, up about 17% in a week; the RSI crossover is still pending
Why it matters: A monthly RSI crossover above its moving average would be a technical buy signal that previously preceded major XRP rallies.
Source: BITTIMES