XRP Monthly RSI Don Enter Cycle 3, Eyes 97 Overbought Peak
Analyst Egrag Crypto dey warn say XRP monthly Relative Strength Index (RSI) don enter di third phase for im historical “Cycle of Three.” For past bull runs (2017, 2021), dis phase dey correspond to blow-off top for di RSI, wey lead to explosive price rallies. Di chartist project say di peak RSI targets na 80, 87, plus one ambitious 97. When RSI cross pass 90 during di 2017 bull run, XRP jump from under $0.10 to di all-time high of $3.40. Right now, XRP dey trade around $3.12 with monthly RSI of 73. If RSI climb reach di projected targets, prices fit break pass di $3.65 record high and go reach $4, $5, or even double digits. Traders supposed dey watch RSI reading as entry and exit signals for dis bull market. Even though high RSI level fit mean say rally fit last long, e also dey show say potential multi-year tops and corrections fit happen after di blow-off peaks.
Bullish
XRP dem enter di third stage of im monthly RSI “Cycle of Three” historically dey before big bull rallies. For both 2017 an 2021 dem cycles, overbought RSI peaks join well with explosive price movement—especially di 2017 jump from below $0.10 reach $3.40. Di current RSI targets of 80 to 97 dey show say strong bullish momentum fit push XRP pass im $3.65 record high. For bull markets, high RSI readings dey normally last an draw momentum buyers, which dey make upward pressure stronger. But blow-off tops fit also mean say sharp corrections dey come after di peak reach. If you check am with di low 2021 cycle—wey legal issues hold am down—today setup look stronger an e support bullish outlook for short to medium term. Traders suppose dey watch RSI levels well to find best time to enter an exit to manage risk during di expected rally.