Analyst Predicts Major Bullish Move

XRP Hits Record Low RSI

Egrag Crypto further reiterated this fact by pointing out that the current levels to the RSI are as unfavorable as the levels registered at the start of the 2020 market crash, and that the oversold situation has never looked deeper. 

The analyst encouraged the Ripple community, commonly known as the XRPArmy, to remain calm saying “STAY STEADY,’ as he expects the price to rise. This he expects will take Ripple coin to the overbought position as he pictures a bullish breakout on it.

In prolongation of a stagnant market for Ripple and constant run-ins with the regulators, the analyst’s revelation comes as a welcome relief to investors. The expectation of this technical indicator is that it might trigger the likelihood of a change in fortunes of XRP and lead to a price recovery.

The evaluation of Egrag is based on the past performance and technical signals that are crucial in the crypto market trading and investing. In pointing to the RSI’s present location, he underscores its capacity to stage a meaningful rebound, much like prior market cycles worth mentioning have borne similar conditions of catalyzing a meaningful spike in prices.

The crypto community is paying attention to these developments as many look at Egrag Crypto’s research for hope. Concerning the “expected exceptionally strong move” into the overbought territory, and this might well capture new entrants, and therefore the demand for XRP as well.

The analyst insights provide a quite definitive storyline about the XRP’s future prospect and how it might possibly stage a recovery. But as the RSI reaches the lowest levels, the chance for a bullish reversal comes to forefront and it brings hope not only for the XRPArmy, but also for the whole crypto-space.