XRP is back in focus after its Stochastic RSI (SRSI) crossed the 80 mark, repeating a pattern seen before its previous 20x rise.
SRSI Crossover and Its Significance
According to analyst JD's observations, XRP's SRSI has crossed the 80 mark, which previously facilitated a 20x increase over three months. However, this surge was followed by a sharp 90% correction, highlighting both growth potential and risks.
Key Support and Resistance
XRP is currently trading around $2.23, holding above the $2.20 support level. This level has become a key area of interest for traders as the price continues to consolidate in a narrow range. Resistance is observed at $2.2652, with targets around $2.31 if a breakout occurs.
Future of XRP and Analysts' Predictions
JD confirmed that he will soon release his official market top call, as well as a crash target using his "pink box" method. He previously predicted XRP's drop to $0.28, which was supported by historical data.
XRP's current structure remains bullish, and many indicators point to building momentum. However, traders should exercise caution due to high volatility and possible market corrections.
