This XRP Move Has Only Happened 4 Times In History And Here’s What Happened E...
The XRP price has returned to a critical zone that has appeared only four times in its history. According to market analyst Cryptollica, who shared the finding on X, this zone has historically preceded explosive price rallies for XRP. Each rally, however, came after a long consolidation phase and a series of price declines that pushed XRP toward a bottom. XRP Reenters Oversold RSI Zone That Led To Mega Cycle Rallies On June 1, Cryptollica stated on X that XRP’s monthly Relative Strength Index (RSI) has entered its fourth deep oversold reset zone across its entire 13-year trading....
Related News
The altcoin market is struggling. Volatility is high. Uncertainty is higher. And on April 2nd, something happened on Binance that had not happened in nearly three months — and it happened nowhere else. Related Reading: The Crypto Market Is Building Leverage On A Weak Foundation – Discover Which Way It Breaks A report from analyst […]
XRP has spent the better part of four months carving out a trading range with a series of contested highs and lows that kept both bulls and bears engaged. That appearance of stability is now under serious threat, as the cryptocurrency has returned to the exact support level that anchored its range lows throughout the consolidation. XRP losing this support level will determine the next significant directional move. XRP Returns To The Same Range Low XRP’s price action on the daily candlestick timeframe chart shows the cryptocurrency is currently locked inside a consolidation range....
According to economist Timothy Peterson, Bitcoin’s recent slide could be a short-lived wobble if October’s history repeats itself. He pointed out that drops larger than 5% in October are rare — they have occurred just four times in the past 10 years — and when they happened, Bitcoin often bounced back quickly. Related Reading: XRP Fear Index Spikes To 6-Month High, And That Could Spark Its Next Breakout Historical October Bounces Reports show the four October setbacks came in 2017, 2018, 2019, and 2021. In the week after each fall, recoveries ranged from modest to sharp: gains of 16% in....
XRP’s brief surge on Tuesday was no cause for celebration, at least not according to crypto analyst CasiTrades. Recent price action pushed the cryptocurrency as high as $1.39, creating what looks like a temporary rally. However, one analyst believes the real move hasn’t happened yet, and the current price action is merely preparing for a […]
The Bitgesell halving just took place yesterday, March 28th, and will focus on putting a deflationary economic model in place just like Bitcoin did after its halving. Here’s everything you need to know about the Bitgesell halving, the coin itself, and what lies ahead post-halving. What To Expect Now That The Bitgesell Halving Has Happened Bitgesell, a young but novel blockchain project founded by Emma Wu, relies on a spinoff of the original Bitcoin codebase, […]