- Crypto Analyst puts forward requirements XRP needs to meet before it spikes.
- $0.54 resistance level, a critical level to be broken for XRP’s rise.
- XRP’s support levels have a silver lining; could possibly act like a launch pad.
A Crypto Analyst who goes by the pseudonym JD tweeted that XRP was making higher highs in price while printing lower lows in RSI and Stochastic RSI on the weekly timeframe. This coincided while the token was bouncing off a 2-year trendline. Furthermore, the analyst stated that for XRP to spike drastically, it has to meet certain criteria.
#XRP – Still creating HH in Price while LL in RSI and SRSI on the WEEKLY, while bouncing off 2year trendline1. Needs to break that 0.54 at least on the daily for momentum
2. SRSI weekly needs to cross 20
3. YELLOW 6-YEAR TRENDLINE NEEDS TO BREAK!
4. THEN MOON! Patience is key!… pic.twitter.com/hN81yzigab
— JD (@jaydee_757) October 20, 2023
The first requirement that XRP had to meet was to break the $0.54 resistance at least on a daily for momentum. The analyst expected that the Stochastic RSI on the weekly timeframe should cross 20. Moreover, as the third requirement, the Yellow 6-year Trend…
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