{"id":558255,"date":"2023-10-30T17:00:10","date_gmt":"2023-10-30T17:00:10","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=558255"},"modified":"2024-06-11T08:02:30","modified_gmt":"2024-06-11T08:02:30","slug":"xrp-records-major-golden-cross","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/ripple\/xrp-records-major-golden-cross\/","title":{"rendered":"RSI Records Major Golden Cross: XRP Predicted To Cross The $1 Mark In 16 Days"},"content":{"rendered":"

Crypto analyst Crypto Insight recently predicted that the <\/span>price of XRP<\/span><\/a> could be preparing to go past the $1 mark in just 16 days as the XRP’s Relative Strength Index (RSI) and open interest continue to gain momentum indicating a bullish trend.<\/span><\/p>\n

XRP Weekly Relative Strength Index\u00a0<\/span><\/h2>\n

On Sunday, October 29, the crypto analyst <\/span>shared<\/span><\/a> his predictions on X (formerly Twitter) highlighting that XRP might be prepared for a significant upward trajectory due to the strength of the XRP’s weekly RSI, as it gains traction toward entering a bullish zone.<\/span><\/p>\n

Related Reading: XRP Price To Go Parabolic, Here\u2019s When<\/a><\/p>\n

This is because the momentum of an asset’s price movement is measured by the Relative Strength Index (RSI). There are two indicator feature lines in the RSI chart and these include the RSI line (purple) and the RSI-Based MA line (yellow).<\/span><\/p>\n

In the RSI chart, an indication of rising momentum and a bullish cross is produced whenever the RSI line crosses above the RSI-based MA line; as seen in the XRP weekly chart posted by Crypto Insight on X.<\/span><\/p>\n

XRP experienced the cross for the first time in the first week of July, and after this happened, the cryptocurrency experienced a great surge in price by July 13, which led to XRP’s yearly high of $0.93. However, during the correction that followed, the RSI line fell below the RSI-based MA line.<\/span><\/p>\n

According to crypto insight, the line is once again attempting to traverse above the RSI-based MA line as of the time of his discovery, and the crossing has been realized. As of the time of his revelation, the RSI line was sitting at 53.91, while the RSI-based MA line was sitting at 51.01 presenting a bullish sign.<\/span><\/p>\n

The crypto analyst further shed more light on the timing for these potential developments. Crypto Insight speculated that XRP might be touching a resistance level as of the time of his disclosure, and the resistance level could be a vital point for XRP <\/span>price movement.<\/span><\/a><\/p>\n

\"XRP
XRP price currently traded at $0.564 | Source: Tradingview.com<\/a><\/figcaption><\/figure>\n

He also added that a bullish cross for the RSI could buttress both bulls and punters to engage in the market and stake their bets. Notably, this surge in trading activity could provide <\/span>XRP<\/span> with the force it needs<\/a> to swiftly break out into the target range.<\/span><\/p>\n

Related Reading: XRP Price Could Blast Off In 18 Days, Here\u2019s Why<\/a><\/p>\n

So far, the target range that was set up by the crypto analyst in his chart was between $0.8875 to $1.3617. He believes that XRP could hit this price range in the next 16 days since the rally in July, saw the XRP price almost claiming the $1 mark, but failed due to the significant resistance it faced.<\/span><\/p>\n

The crypto analyst also pointed out the <\/span>XRP’s open interest<\/span><\/a> in his projections. He highlighted that open interest has room to rise significantly, and it seems to be developing higher highs.<\/span><\/p>\n

Open Interest is the overall number of pending futures contracts for a particular cryptocurrency. Therefore, an increase in open interest can indicate growing market participation and keenness among investors, and it can also lead to increased liquidity and potentially trigger a <\/span>price rally<\/span><\/a> for a cryptocurrency.<\/span><\/p>\n

Featured image from AltcoinsBox, chart by Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Crypto Insight recently predicted that the price of XRP could be preparing to go past the $1 mark in just 16 days as the XRP’s Relative Strength Index (RSI) and open interest continue to gain momentum indicating a bullish trend. XRP Weekly Relative Strength Index\u00a0 On Sunday, October 29, the crypto analyst shared his predictions on X (formerly Twitter) highlighting that XRP might be prepared for a significant upward trajectory due to the strength of the XRP’s weekly RSI, as it gains traction toward entering a bullish zone. Related Reading: XRP Price To Go Parabolic, Here\u2019s When This is because the momentum of an asset’s price movement is measured by the Relative Strength Index (RSI). There are two indicator feature lines in the RSI chart and these include the RSI line (purple) and the RSI-Based MA line (yellow). In the RSI chart, an indication of rising momentum and a bullish cross is produced whenever the RSI line crosses above the RSI-based MA line; as seen in the XRP weekly chart posted by Crypto Insight on X. XRP experienced the cross for the first time in the first week of July, and after this happened, the cryptocurrency experienced a great surge in price by July 13, which led to XRP’s yearly high of $0.93. However, during the correction that followed, the RSI line fell below the RSI-based MA line. According to crypto insight, the line is once again attempting to traverse above the RSI-based MA line as of the time of his discovery, and the crossing has been realized. As of the time of his revelation, the RSI line was sitting at 53.91, while the RSI-based MA line was sitting at 51.01 presenting a bullish sign. The crypto analyst further shed more light on the timing for these potential developments. Crypto Insight speculated that XRP might be touching a resistance level as of the time of his disclosure, and the resistance level could be a vital point for XRP price movement. He also added that a bullish cross for the RSI could buttress both bulls and punters to engage in the market and stake their bets. Notably, this surge in trading activity could provide XRP with the force it needs to swiftly break out into the target range. Related Reading: XRP Price Could Blast Off In 18 Days, Here\u2019s Why So far, the target range that was set up by the crypto analyst in his chart was between $0.8875 to $1.3617. He believes that XRP could hit this price range in the next 16 days since the rally in July, saw the XRP price almost claiming the $1 mark, but failed due to the significant resistance it faced. The crypto analyst also pointed out the XRP’s open interest in his projections. He highlighted that open interest has room to rise significantly, and it seems to be developing higher highs. Open Interest is the overall number of pending futures contracts for a particular cryptocurrency. Therefore, an increase in open interest can indicate growing market participation and keenness among investors, and it can also lead to increased liquidity and potentially trigger a price rally for a cryptocurrency. Featured image from AltcoinsBox, chart by Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":557913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[14763,4531,89749,83345,78763],"class_list":["post-558255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-rsi","tag-xrp","tag-xrp-rsi","tag-xrpusdc","tag-xrpusdt"],"acf":[],"yoast_head":"\nRSI Records Major Golden Cross: XRP Predicted To Cross The $1 Mark In 16 Days XRP's RSI<\/title>\n<meta name=\"description\" content=\"Crypto analyst Crypto Insight recently predicted that the price of XRP could be preparing to go past the $1 mark in just 16 days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/shenyangcang.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"RSI Records Major Golden Cross: XRP Predicted To Cross The $1 Mark In 16 Days","url":"http:\/\/shenyangcang.com\/news\/ripple\/xrp-records-major-golden-cross\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/ripple\/xrp-records-major-golden-cross\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/10\/xrp-logo.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/10\/xrp-logo.jpg?fit=2500%2C2500"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["rsi","xrp","xrp rsi","xrpusdc","xrpusdt"],"dateCreated":"2023-10-30T17:00:10Z","datePublished":"2023-10-30T17:00:10Z","dateModified":"2024-06-11T08:02:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"RSI Records Major Golden Cross: XRP Predicted To Cross The $1 Mark In 16 Days\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/ripple\\\/xrp-records-major-golden-cross\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/ripple\\\/xrp-records-major-golden-cross\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/xrp-logo.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/xrp-logo.jpg?fit=2500%2C2500\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"rsi\",\"xrp\",\"xrp rsi\",\"xrpusdc\",\"xrpusdt\"],\"dateCreated\":\"2023-10-30T17:00:10Z\",\"datePublished\":\"2023-10-30T17:00:10Z\",\"dateModified\":\"2024-06-11T08:02:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/10\/xrp-logo.jpg?fit=2500%2C2500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/558255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=558255"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/558255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/557913"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=558255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=558255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=558255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}