XRP's Monthly RSI Climbs 66.9% Toward 70, Signaling Bullish Momentum

XRP, the digital asset, is currently experiencing a notable increase in momentum, as indicated by its monthly Relative Strength Index (RSI). This technical indicator is crucial for understanding the speed and change of price movements, with an RSI above 70 typically signaling overbought conditions and an RSI below 30 suggesting an oversold asset. However, in strong bullish trends, the RSI can remain elevated for extended periods without triggering a reversal.

Crypto analyst EGRAG CRYPTO recently provided an in-depth update on XRP’s monthly RSI, highlighting key levels that could determine the asset’s trajectory. The analyst noted that XRP’s RSI is “steadily ticking upwards,” reinforcing the idea that a substantial move could be imminent. Historical patterns suggest that XRP has followed similar trajectories in past market cycles, leading to sharp price increases.

EGRAG CRYPTO outlined four critical RSI levels that traders should watch closely. A reading of 70 is described as a “Bullish Confirmation” level, indicating that XRP has entered a strong uptrend. The next target at 77 is labeled as “Bullish Momentum,” reflecting an acceleration of buying pressure. An RSI of 85 suggests “Bullish Continuation,” where sustained upward movement is expected. Finally, the 89 level is called “Valhalla,” implying an extremely bullish phase.

Historically, reaching these levels has corresponded with significant XRP price surges. The last time XRP’s RSI was in Valhalla, the asset rose to its all-time high of $3.84. Given that XRP’s RSI is currently on an upward trajectory, it could hit a new all-time high soon. The analysis aligns with the broader sentiment surrounding XRP, as many traders anticipate a breakout. The digital asset was recently named as a potential member of Donald Trump’s U.S. strategic crypto reserve, adding to the excitement for its immediate future.

XRP is currently trading at $2.3 with a monthly RSI of 66.9 steadily climbing toward 70. The RSI’s progression through these key levels could act as confirmation for bullish traders seeking validation of XRP’s strength. The current price action of XRP shows that it is consolidating just above the crucial $2 spot, with the $2.5 zone serving as the next immediate resistance level. This consolidation phase is significant as it follows a symmetrical triangle pattern that has formed since 2018, historically preceding major price surges. The recent breakout above the upper trendline of this pattern signals a potential uptrend, with a projected target of $15. This breakout could push XRP into a price discovery phase, potentially elevating its market cap to $870 billion.

However, key resistance levels remain, and any pullbacks toward the breakout zone could test investor confidence. For XRP to push toward $3, the $2.2 support needs to hold firm. If $3 is breached, the next major target aligns with the upper trendline, estimated at around $4.80 to $5. The broader formation suggests that XRP is in an extended accumulation phase, with a breakout potentially leading to a 510% upside, targeting $14.84 as a long-term projection. However, a failure to hold $2.22 could see XRP retesting lower support near $2.17 before resuming its uptrend. The XRP community aims for sustained price growth after the asset broke out of a prolonged consolidation below the $1 spot. One catalyst for this growth could stem from reports suggesting that the case between Ripple and the Securities and Exchange Commission (SEC) might be moving toward a resolution. Indeed, the legal tussle has long been cited as a factor suppressing XRP’s growth. On the other hand, XRP may see strong capital inflows as several spot ETFs await SEC approval, with analysts estimating a 65% approval chance by October.