Editor's PiCK

[Analysis] "XRP Maintains Neutral RSI... Lacks Bullish Momentum"

Source
Uk Jin

Summary

  • XRP is hovering around $2 with a lack of significant bullish momentum.
  • XRP's Relative Strength Index (RSI) remains at a neutral level, indicating a lack of bullish momentum.
  • A collapse of the $2.05 support level could lead to a sharp drop to $1.61.

XRP is hovering near $2, with analysis indicating a lack of bullish momentum.

As of 7:06 AM on the 21st, XRP is trading at $2.07, down 0.68% from the previous day according to CoinMarketCap, a cryptocurrency market data provider. XRP has maintained a price level around $2 since March. Compared to 30 days ago, the current price is approximately 13% lower.

In this trend, there are evaluations that XRP lacks bullish momentum. Cryptocurrency specialist media BeInCrypto analyzed, "XRP's Relative Strength Index (RSI) remains at a neutral level of 40-50," and "It is judged that the bullish momentum is lacking as the RSI does not exceed 70."

There is also analysis that XRP may not hold the $2 level. BeInCrypto projected, "The key support level for XRP is $2.05," and "If the $2.05 support level collapses, there is a possibility of a sharp drop to $1.61."

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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