Popular altcoin XRP‘s price movements have shown that the volatility has increased recently. This sudden change in price chart made technical analysis more complex. However, the indicators indicate that the XRP maintains its rise potential. MatrixPortAccording to a particularly strong technical indicator Relative power index (RSI) gives clues about the future aspect of price movements. Investors carefully follow the current levels of this indicator.
Important RSI levels and possible price movements of XRP
XRP priceThe mobility experienced is supported by RSI data. According to historical data, when Altcoin’s RSI level reaches around 40 percent, the likelihood of upward movements increases. When the RSI reaches 70 percent, the price usually creates sales pressure by entering the extreme purchase zone.
$[mcrypto coin=”XRP” currency=”USD”] XRP NewsCurrently, the RSI value of the XRP is around 40 percent. This is technical analysis in terms of a new rise in the agenda. Investors think that if this indicator rises above 50 levels, the upward trend can increase the power. However, Care should be careful as the RSI approaches 70 percent, because these levels can bring sales pressure.
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SEC Case and the impact of the new US government on the case
Another prominent issue in the XRP market US Securities and Stock Exchange Commission With (SEC) Ripple Labs The course of the case between. The policies of the new US government may affect the course of this case. SEC’s new management came up with the possibility of reviewing and even dropping the case against Ripple.
Previously, the price of the XRP had fluctuated parallel to the course of the case. A new legal update or case Ripple If it is concluded in favor, a significant increase in Altcoin’s price can be expected. However, as an uncertainty continues to preserve its existence, investors should be cautious. Although technical indicators give positive signals, regulatory factors will continue to be decisive on the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
