What The XRP RSI Making Higher Highs Means For The Price
A key technical indicator on the XRP price chart is sending an important signal about the strength of its ongoing price action. The Relative Strength Index (RSI), which measures momentum, is climbing higher in tandem with price, a development that popular XRP analyst EGRAG CRYPTO says validates the current bullish phase. In one of his recent posts on X, he explained that this alignment between price and RSI shows a healthy uptrend where buying pressure will continue to dominate. RSI Alignment Shows Healthy Market Momentum EGRAG CRYPTO highlighted that when both price and RSI make higher....
Related News
Bitcoin price is retreating upon reaching its yearly highs but bulls could be ready for another push higher after this pullback. Bitcoin Price Key Highlights. Bitcoin price reached the yearly highs around $780 and profit-taking happened as predicted in the previous article. Price is now making a pullback from its recent rally and could encounter more bulls who are waiting at the next area of interest. Technical indicators are confirming that the uptrend could resume once the correction is completed. Technical Indicators Signals. The 100 SMA just crossed above the longer-term 200 SMA to....
Neucoin Price Key Highlights. Neucoin's price is trending lower, moving inside a descending channel connecting the latest highs and lows of price action. The price is currently testing the top of the channel pattern and could resume its drop if the resistance holds. Potential Reversal? The shorter-term 5 SMA is below the longer-term 20 SMA, which suggests that the path of least resistance is to the downside and that the selloff is set to carry on. The stochastic oscillator is on the move down from the middle ground, which means that sellers are in control of price action. The moving....
Key Highlights. Rubycoin price continued to move higher as forecasted in one of the previous week's analysis. There was a bearish trend line which was broken to open the doors for more gains in the near term. There is a chance that the price might continue to trade higher and test the last swing high of 0.000365BTC. Rubycoin price stayed in the bullish zone, which means it might head further higher towards the next hurdle at 0.000365BTC. What's Next? The Rubycoin price managed to climb higher recently and even cleared a major bearish trend line on the hourly chart which was acting as a....
Bitcoin Price Key Highlights. Bitcoin price has been trending higher on the short-term time frames but a reversal may be brewing since the rally has weakened. Price formed lower highs, suggesting that buyers are starting to lose steam and might not be able to sustain the climb any further. Bitcoin price is on its way to test the ascending trend line on the 1-hour chart once more, with a downside break likely to indicate that a selloff will take place. Bearish Divergence Seen? Stochastic has formed higher highs while bitcoin price made lower highs, creating a slight bearish divergence....
Ethereum is wavy when writing as bulls struggle to build momentum and push the coin above the immediate resistance levels at around $2,400 and $2,800. Even so, most ETH holders are upbeat, expecting prices to turn around the corner and soar, even breaking above July highs of around $3,500. 61% Of ETH Holders In The Money Amid this development and the general lull, IntoTheBlock data shows that 61% of all ETH holders are in the money. That over 50% of all ETH holders are in green despite the coin shedding nearly 35% from July highs and nearly 45% from 2024 highs points to resilience,....