The SuperTrend indicator has flashed a buy signal on XRP's 4-hour chart for the first time since mid-June, and the last one preceded a 14.2% rally.
Analyst EGRAG Crypto says XRP's monthly RSI has entered the most oversold territory in the token's history after breaking below 40.
The same indicator's April buy signal failed, with XRP trading more than 25% lower by late June after it flashed near $1.43.
XRP needs to hold above $1.06, where 830 million tokens last changed hands, and clear and hold the $1.10 to $1.13 zone to confirm a bottom.
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Analyst EGRAG Crypto says XRP's monthly RSI has entered the most oversold territory in the token's history after breaking below 40.
The same indicator's April buy signal failed, with XRP trading more than 25% lower by late June after it flashed near $1.43.
XRP needs to hold above $1.06, where 830 million tokens last changed hands, and clear and hold the $1.10 to $1.13 zone to confirm a bottom.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
25 days ago
