Crypto Analyst Predicts XRP to Outperform ETH in the Coming Weeks
Cryptoinsightuk, a Crypto analyst forecast XRP to likely see its days of a growth in “T-9 days.”
A parabolic curve may likely be forming in both the price action and RSI for XRP/ETH according to The monthly time frame highlights.
XRP as at the time of this report has already crossed the $0.67 resistance level as it sustained its hug in the upper band of the Bollinger Bands.
NIGERIA, Nov. 6 – Giving hint at a possible bull run, Cryptoinsightuk, considered as pseudonym, a crypto analyst, made known to the crypto community on X (formerly twitter) that XRP may be experiencing a surge in “T-9 days.” The analyst according to the post on X pointed out that XRP in a weekly time frame is creating a series of higher lows and higher highs.
Also, the analyst said that a bullish cross has been made by the RSI and gone higher that the 50 level. Following theses analyses Cryptoinsightuk said, “This suggests to me, $XRP will outperform $ETH in the coming weeks.”
According to Coin Edition, it claimed that “The monthly time frame highlights that a parabolic curve could be forming in both the price action and RSI for XRP/ETH. This could be considered a positive sign, as the traders may be expecting the altcoin to climb up soon over the coming months.”
Following the analyses of Cryptoinsightuk , it is likely that XRP in the long run may likely experience a surge in the near future. Nonetheless, the 1-day chart of XRP/USDT has already shown that the altcoin is experiencing surge in over-buying as the RSI reaches the overbought region.
Presently the RSI value is 84.69,which has landed in the overbought region when it made a bullish crossover and broke above the 70-level barrier. Looking at the pathway of RSI, it is expected that XRP may likely continue to climb up. Normally, the expectations of the traders is a fall or retracement when the RSI hits the overbought region.
Nevertheless, should reality be found in the crypto analyst’s hypothesis, XRP could surge consistently upwards while the RSI continues to remain in the overbought region. XRP at the time of report, has already crossed the $0.67 resistance level as it sustained its growth to the hug upper band of the Bollinger Bands.
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