{"id":610870,"date":"2024-05-31T23:00:27","date_gmt":"2024-05-31T23:00:27","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=610870"},"modified":"2024-06-11T07:46:26","modified_gmt":"2024-06-11T07:46:26","slug":"1400-7-5-for-xrp-price-rsi","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/ripple\/1400-7-5-for-xrp-price-rsi\/","title":{"rendered":"Expert Charts 1,400% Course To $7.5 For XRP Price As RSI Falls To All-Time Low"},"content":{"rendered":"

Crypto analyst Egrag Crypto<\/span><\/a> has provided another bullish narrative for the XRP price. This time, he outlined two scenarios that could occur and cause the crypto token to experience a breakout, potentially sending it as high as $7.5. This comes with the recent revelation that <\/span>XRP\u2019s Relative Strength Index (RSI)<\/span><\/a> has reached its lowest ever.\u00a0<\/span><\/p>\n

Time For An XRP Price Breakout<\/h2>\n

Egrag Crypto shared a chart in an X (formerly Twitter) <\/span>post<\/span><\/a> that showed that the crypto token could rise to $7.5 when it accomplishes the <\/span>breakout<\/span><\/a>, which the crypto analyst claimed is imminent. <\/span>Egrag<\/span><\/a> highlighted a \u201cWhite Triangle\u201d breakout on the chart, which he stated is \u201caligning perfectly\u201d with the previous charts and the Fib 0.702 to 0.786 levels.\u00a0<\/span><\/p>\n

\"XRP
Source: X<\/figcaption><\/figure>\n

He added that the measured move is projected to be between $1.2 and $1.5 before XRP could take off and climb to $7.5. Egrag further remarked that the \u201c<\/span>critical breakout point<\/span><\/a>\u201d for XRP is around $0.70 and $0.7\u20195 and that the crypto token is \u201cpoised\u201d to achieve this breakout in the \u201cnext couple of weeks.<\/span><\/p>\n

Egrag warned that XRP could still experience significant declines before then, stating that a retest of the breakout might be on the cards. However, he is convinced that a \u201c<\/span>MEGA RUN<\/span><\/a> for XRP is on the horizon.\u201d<\/span><\/p>\n

Meanwhile, for the second scenario of how XRP could achieve its impending breakout, Egrag Crypto highlighted an \u2018Atlas Line\u2019 on the XRP chart and claimed that the breakout point for XRP is at $0.6799. He noted that XRP is still holding strong \u201clike a boss\u201d on the atlas line, suggesting it shouldn\u2019t be long before it breaks above $0.6799.\u00a0<\/span><\/p>\n

In the meantime, $0.5777 and $0.5000 are key price levels that <\/span>XRP holders<\/span><\/a> should monitor. Egrag labels them resistance and support levels for XRP\u2019s upward trend along this atlas line.\u00a0<\/span><\/p>\n

\"XRP
Source: X<\/figcaption><\/figure>\n

XRP Hits Its Lowest RSI In History<\/h2>\n

Egrag revealed in a more recent <\/span>X post<\/span><\/a> that <\/span>XRP\u2019s RSI<\/span><\/a> is at its lowest ever. He noted that this assertion was based on the monthly time frame and shared a chart to prove his claim. Following his revelation, Egrag highlighted how <\/span>bullish this was for XRP<\/span><\/a>, stating, “If this isn\u2019t a positive signal, I don\u2019t know what is.\u201d<\/span><\/p>\n

\"XRP
Source: X<\/figcaption><\/figure>\n

The chart he shared showed that XRP\u2019s Relative Strength Index is at 38, which is indeed bullish for the crypto token. <\/span>Low RSI levels<\/span><\/a> are considered a <\/span>buy signal<\/span><\/a> since they suggest that the coin is oversold and undervalued. Therefore, crypto investors might be looking to accumulate XRP, with these buy orders expected to trigger a move to the upside for the crypto token.\u00a0<\/span><\/p>\n

At the time of writing, XRP is trading at around $0.52, up almost 1% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"XRP
XRP price suffers drawdown | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Egrag Crypto has provided another bullish narrative for the XRP price. This time, he outlined two scenarios that could occur and cause the crypto token to experience a breakout, potentially sending it as high as $7.5. This comes with the recent revelation that XRP\u2019s Relative Strength Index (RSI) has reached its lowest ever.\u00a0 Time For An XRP Price Breakout Egrag Crypto shared a chart in an X (formerly Twitter) post that showed that the crypto token could rise to $7.5 when it accomplishes the breakout, which the crypto analyst claimed is imminent. Egrag highlighted a \u201cWhite Triangle\u201d breakout on the chart, which he stated is \u201caligning perfectly\u201d with the previous charts and the Fib 0.702 to 0.786 levels.\u00a0 He added that the measured move is projected to be between $1.2 and $1.5 before XRP could take off and climb to $7.5. Egrag further remarked that the \u201ccritical breakout point\u201d for XRP is around $0.70 and $0.7\u20195 and that the crypto token is \u201cpoised\u201d to achieve this breakout in the \u201cnext couple of weeks. Egrag warned that XRP could still experience significant declines before then, stating that a retest of the breakout might be on the cards. However, he is convinced that a \u201cMEGA RUN for XRP is on the horizon.\u201d Meanwhile, for the second scenario of how XRP could achieve its impending breakout, Egrag Crypto highlighted an \u2018Atlas Line\u2019 on the XRP chart and claimed that the breakout point for XRP is at $0.6799. He noted that XRP is still holding strong \u201clike a boss\u201d on the atlas line, suggesting it shouldn\u2019t be long before it breaks above $0.6799.\u00a0 In the meantime, $0.5777 and $0.5000 are key price levels that XRP holders should monitor. Egrag labels them resistance and support levels for XRP\u2019s upward trend along this atlas line.\u00a0 XRP Hits Its Lowest RSI In History Egrag revealed in a more recent X post that XRP\u2019s RSI is at its lowest ever. He noted that this assertion was based on the monthly time frame and shared a chart to prove his claim. Following his revelation, Egrag highlighted how bullish this was for XRP, stating, “If this isn\u2019t a positive signal, I don\u2019t know what is.\u201d The chart he shared showed that XRP\u2019s Relative Strength Index is at 38, which is indeed bullish for the crypto token. Low RSI levels are considered a buy signal since they suggest that the coin is oversold and undervalued. Therefore, crypto investors might be looking to accumulate XRP, with these buy orders expected to trigger a move to the upside for the crypto token.\u00a0 At the time of writing, XRP is trading at around $0.52, up almost 1% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":610887,"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":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-610870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nExpert Charts 1,400% Course To $7.5 For XRP Price As RSI Falls To All-Time Low<\/title>\n<meta name=\"description\" content=\"Crypto analyst Egrag Crypto has provided another bullish narrative for the XRP price, potentially sending it as high as $7.5.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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