{"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 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>\nXRP Weekly Relative Strength Index\u00a0<\/span><\/h2>\n