XRP Price Has Just Reached Most Oversold Level In History And This Analyst Is...
The XRP price has hit oversold levels, marking its lowest readings in history. A crypto analyst has reported that each time XRP has reached these levels, a price bounce has followed. Based on this, he believes that XRP could be on the verge of another major rebound, projecting a potential rally above $2. XRP Price Sinks To Oversold Levels Ahead Of Rebound A crypto market analyst known as ‘Ripple Bull Winkle’ on X has outlined a short-term bullish outlook for XRP. Despite consistently breaking key support levels and now trading around $1.4, the analyst argues that XRP may be positioning....
Related News
Bitcoin price is in free fall and the cryptocurrency community is in panic. The high-risk, speculative asset class is living up to its notorious volatility and the selling appears unstoppable. At some point, all assets become oversold and recovery begins. After the most recent selloff, BTCUSD weekly RSI has reached the most oversold level in the entire history of price action, including two bear market bottoms. Bitcoin Selloff Sets Record For Most Oversold Weekly RSI Ever Bitcoin price today tapped below $22,000 per coin and is rapidly approaching prices closer to the 2017 peak. Many....
Bitcoin (BTC) has declined by more than 10% in the last two weeks, falling from approximately $98,000 to around $86,000 at the time of writing. The high selling pressure has pushed the flagship cryptocurrency to oversold levels it had not seen since August 2024. Bitcoin Is Oversold, Time To Buy? According to an X post by seasoned crypto analyst Ali Martinez, BTC has entered oversold conditions it hadn’t seen since August 2024. Specifically, the Relative Strength Index (RSI) for Bitcoin has dropped to the lowest level in the last seven months. Related Reading: Is Bitcoin Showing Early Signs....
The price of Bitcoin has been under intense bearish pressure over the past week, falling below the $110,000 mark on Thursday, September 25. While the premier cryptocurrency has managed to stop bleeding in the past day, the BTC price has struggled to reclaim the psychological $110,000 level. Interestingly, the latest readings of a technical analysis indicator suggest that the Bitcoin price might have just reached a bottom and could be ready for a rebound. Has The Bitcoin Price Reached A Bottom? In a September 26 post on the X platform, a crypto analyst named after the renowned economist....
Dogecoin’s weekly price chart is revealing an interesting event of an important momentum indicator hitting a level that has always been a major turning point for the cryptocurrency. After spending the past several weeks falling lower into the $0.13 price region, Dogecoin’s Relative Strength Index on the weekly timeframe has reached levels that have only appeared a handful of times over the asset’s entire trading history. The observation, first highlighted by crypto analyst Cryptollica, revisits how Dogecoin has behaved the last few times this technical condition happened. A Rare Weekly....
Crypto analyst Austin has commented on how XRP could record a 1,500% rally to $24 based on an Elliot Wave theory. He also stated that the rally will be swift, which is why the analyst warned investors to be prepared when the current correction is over. XRP Eyes 1,500% Rally To $24 as Analyst Warns Investors To Be Prepared In an X post, Austin shared an accompanying chart showing that XRP could rally to $24 on Wave 5 of an Elliot Wave analysis. Meanwhile, the altcoin is expected to reach between $8 and $14 on Wave 3, which the analyst expects to happen anytime soon. He remarked that XRP is....