Analyst Says Things Could Get ‘Wild’ For XRP With Entry Into Overbought On 4-Hour RSI
The post Analyst Says Things Could Get ‘Wild’ For XRP With Entry Into Overbought On 4-Hour RSI appeared on BitcoinEthereumNews.com.
A crypto analyst has highlighted XRP as a key altcoin to watch as it nears critical overbought levels on the 4-hour Relative Strength Index (RSI). While this RSI signals a strong bullish breakout, it also opens up possibilities for increased volatility, potentially drawing the attention of investors. On the other hand, WallitlQ (WLTQ), an emerging AI altcoin, continues to capture interest and hit new financial milestones with its ongoing presale. At a presale price of $0.0243, WallitIQ (WLTQ) offers a compelling entry point for investors looking to invest in its innovative token and capitalize on its potential. XRP Price Action Signals Volatility As “Step 2” Breaks The XRP price chart has broken through Step 2, signaling a strong bullish momentum. According to the chart analysis, the XRP price, trading within a critical range, now hovers at a pivotal resistance level. In an X (formerly Twitter) post by crypto analyst Cryptoinsightuk, the 4-hour RSI indicates the asset is heading toward overbought levels. This key technical development, combined with the RSI movement, suggests that the XRP price could experience increased volatility if the RSI closes above the 70 mark. Historically, such signals are known to trigger significant price movement as traders look for opportunities to ride the momentum that overbought levels present. According to the analyst’s chart, the XRP price has successfully pushed beyond previous resistance near the $2.60 range. The next primary target lies at $2.84, a level marked as Step 3. If bulls can sustain the current trajectory and push the XRP price into the overbought levels, XRP could see an explosive upside potential. The analyst remains bullish about XRP’s near-term growth as the RSI rises. WallitIQ (WLTQ) Presale Offers Affordable Investment Opportunities For Investors With the XRP price potentially reaching overbought levels, investors are diversifying their portfolios to include…
