XRP Price on Edge as 3 RSI Levels Mean Breakout Potential or Bearish Pressure

XRP price approaches a defining moment as 3 critical RSI levels outline its future. RSI at 78 points to breakout potential, but dips near 70 or 65 could shift momentum to bearish territory, leaving bulls fighting to hold $2 support.

Strong Bullish Momentum Seen With RSI at 78

The XRP price might undergo major momentum changes depending on its RSI levels, as stated in an X article by analyst Egrag Crypto.

Strong bullish momentum for XRP was indicated by the monthly RSI indicator, which was at 78.29 as of press time. If the RSI were to rebound from this level, it would likely head toward 88 or higher, suggesting that the upward trend is likely to continue.

RSI Dip Below 70 Could Trigger Bearish Signals

A possible indicator of developing bearish momentum is an RSI dip below 70. To maintain the current bull run, however, a rebound from this range is essential. As a possible turning point for XRP price patterns, the level of 70 is being keenly followed.

The RSI level of 65 is a pivotal threshold for the price of Ripple tokens, as pointed out by Egrag Crypto. If prices fall below this level, it will be a bear market. The relative strength index (RSI) can close below 65, but that doesn't rule out a possible recovery, Coingape shares

Bollinger Bands Tightening Signals Potential Volatility

Furthermore, the Bollinger Bands on the XRP daily chart have been tightening, according to researcher Ali Martinez. This technical pattern usually indicates a time of low volatility, which could be the catalyst for a big price change.

The significance of the $2.12 mark for XRP was further highlighted in additional research by analyst Egrag Crypto.

According to the analyst, it is a crucial level of resistance that the bulls must overcome. The chart shows that if XRP closes the day above the Fibonacci channel at 0.236, it could go in a bullish direction.

The expert also identified the $1.67 zone as an equilibrium point and $2.75 as the next major objective, lending credence to the idea that XRP's present consolidation phase is well-supported.

Even though it was predicted to go up, XRP pricing has had a rough week, falling 4.88 percent in the last seven days. Beginning the week with a high of $2.23, XRP had difficulty keeping its momentum, falling to $2.00 before making a little recovery to $2.12.

In addition, prior research indicated that analysts expected Ripple's token to surge to $4, pending a breach of resistance levels at $2.60, $2.65, and $2.75 barriers. It was warned, meanwhile, that the price of XRP may fall to $1.22 if it failed to maintain a position above the important $2 support.