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Ripple’s XRP surged 25% in a week, briefly hitting a three-month high of $0.57, with analysts predicting potential major price increases, citing bullish patterns and historical cycles.The cryptocurrency market has headed north in the past several days, with Ripple’s XRP being one of the top performers. Its price is up approximately 25%, briefly hitting a three-month high of almost $0.57 a few hours ago.
the opposite case indicates less-enhanced price swings, which might be followed by a violent move in any direction.that the bands were quite tight last week, reminding that the last time they squeezed like that, XRP skyrocketed by 60,000%.indicators suggest XRP could experience a correctionThe Relative Strength Index , which measures the speed and change of an asset’s price movements, has recentlyabove 83, a score last seen in November 2023.
The oscillator ranges from 0 to 100 as a ratio below 30 signals about oversold conditions and possible price. When the score is above 70, XRP might be due for a pullback. Currently, the RSI is in neutral territory with a ratio of 60.
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