The XRP token has been trading in a downtrend, making lower highs since July 2023. However, technical analysis indicators now suggest a breakout and an incoming surge for the cryptocurrency.
In particular, a bullish divergence in XRP’s weekly chart with its Relative Strength Index (RSI) was spotted by CoinsKid. The renowned trader posted this analysis on X on February 27.
Notably, the expert expects an XRP price surge to $1.30 and opened a long position on the token a few weeks ago. XRP price today currently trades at $0.55, making this trade a 135% potential opportunity if it bears fruit, according to the analysis.
XRP weekly RSI. Source: CoinsKid
A bullish divergence happens when the price falls, while the indicator signals a strong momentum.
XRP price analysis and potential surge
Nevertheless, XRP is still struggling to break from the downtrend since it reached $0.927 in July 2023. Moreover, the token has slightly broken down from an uptrend support ongoing since Janu
We współpracy z: https://finbold.com/brace-for-strong-xrp-surge-heres-why/
