XRP set for major price breakout, according to expert
As XRP continues to be weighed down by the general bearish cryptocurrency market sentiment, technical indicators suggest the asset is likely preparing for a significant price move. Notably, as of press time, XRP was trading at $2.35, having plunged over 6% in the last 24 hours, while on the weekly timeframe, the asset has rallied almost 10%. XRP seven-day price chart. Source: Finbold The 50-day Simple Moving Average (SMA) is $2.64, slightly above the current price, while the 200-day SMA is significantly lower at $1.56, suggesting a longer-term upward trend. XRP’s 14-day Relative Strength Index (RSI) is 48.28, indicating a neutral market condition, neither overbought nor oversold. Picks for you This Bitcoin formation set to trigger a rally to $120,000 3 hours ago ...