CMT-Certified Analyst Says The XRP Price Rally Still Has A Long Way To Go | Bitcoinist.com

CMT-Certified Analyst Says The XRP Price Rally Still Has A Long Way To Go | Bitcoinist.com

An authorized Chartered Market Technician (CMT) analyst just lately shared a chart discussing the XRP worth potential for a bullish surge. Basing his projections on key technical indicators, the analyst believes that the XRP worth rally nonetheless has an extended strategy to go earlier than it reaches overbought ranges.

Technical Indicators Sign XRP Price Bullish Reversal

CMT-certified crypto analyst Tony Severino took to X (previously Twitter) on December 18 to spotlight the potential for an XRP worth bullish reversal to the upside. The analyst factors to the mix of historic technical alerts and tightening Bollinger Bands (BB) as a sign of a looming worth rally. 

The analyst has expressed confidence within the XRP worth outlook, admitting that he had underestimated its bullish potential. He revealed that the XRP/BTC quarterly chart appears exceptionally sturdy, with its three-month candlestick closing above the Bollinger Bands foundation at 0.00001717, for the primary time since April 2019. 

Supply: X

Severino revealed that the XRP worth had touched the higher Bollinger Band at $0.0000286, a important degree sometimes related to important bullish momentum. In line with the analyst, a quarterly shut above this higher band might function a purchase sign for XRP, emphasizing that the Bollinger Bands are at present at their tightest ranges within the XRP/BTC historical past. 

Along with this improvement, XRP’s Relative Energy Index (RSI) on the three-month chart is 47.87, steadily transferring in direction of 50 after breaking above its RSI-based transferring common at 43.44. Severino famous that an RSI above 50 usually signifies growing power in a cryptocurrency, and traditionally, among the largest worth actions have occurred at an RSI above this degree. 

The analyst additional revealed that XRP’s Fisher Remodel is flipping bullish. This technical indicator is used to establish turning costs and pattern reversals in cryptocurrencies. In line with Severino, XRP’s Fisher Remodel turned constructive after displaying a multi-year bullish divergence, which additional strengthens its potential for a worth rally and optimistic outlook. 

Momentum Oscillators Point out Prolonged Upside

Along with its technical indicators, Severino has revealed that momentum oscillators such because the Logarithmic Shifting Common Convergence Divergence (LMACD) and Stochastic Oscillator level to a possible worth rally for XRP. At present, the bearish momentum for XRP’s LMACD is weakening and steadily approaching a bullish crossover for the primary time on the XRP/BTC chart. This pivotal shift suggests a potential pattern reversal, signaling an prolonged upside for the XRP worth.

In the meantime, the Stochastic Oscillator on the %Okay line has hit its highest studying of 71, indicating a possible for a robust steady upward momentum. The technical indicator additionally highlights that XRP nonetheless has an extended strategy to go earlier than it enters overbought territory. As of writing, the XRP worth is buying and selling at $2.36, marking a 6% lower from its earlier worth of $2.5 prior to now 24 hours, in line with CoinMarketCap. 

XRP price chart from Tradingview.com
Price maintains $2.4 help | Supply: XRPUSDT on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com

Supply hyperlink

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 107,287.75 0.34%
ethereum
Ethereum (ETH) $ 2,487.71 2.01%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.24 2.31%
bnb
BNB (BNB) $ 657.71 1.27%
solana
Solana (SOL) $ 155.86 2.66%
usd-coin
USDC (USDC) $ 1.00 0.01%
tron
TRON (TRX) $ 0.279432 1.32%
dogecoin
Dogecoin (DOGE) $ 0.164742 0.01%
staked-ether
Lido Staked Ether (STETH) $ 2,486.58 1.99%
cardano
Cardano (ADA) $ 0.574224 2.42%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 107,445.79 0.14%
hyperliquid
Hyperliquid (HYPE) $ 40.21 5.53%
bitcoin-cash
Bitcoin Cash (BCH) $ 516.86 5.36%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,003.24 1.94%
sui
Sui (SUI) $ 2.79 1.09%
chainlink
Chainlink (LINK) $ 13.33 0.28%
leo-token
LEO Token (LEO) $ 9.11 1.20%
avalanche-2
Avalanche (AVAX) $ 17.92 0.69%
stellar
Stellar (XLM) $ 0.236779 0.00%
the-open-network
Toncoin (TON) $ 2.95 2.42%
usds
USDS (USDS) $ 1.00 0.00%
weth
WETH (WETH) $ 2,486.97 1.99%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 1.30%
litecoin
Litecoin (LTC) $ 86.12 0.85%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,664.80 2.06%
whitebit
WhiteBIT Coin (WBT) $ 44.19 5.52%
hedera-hashgraph
Hedera (HBAR) $ 0.149592 0.62%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.04%
monero
Monero (XMR) $ 315.28 1.34%
bitget-token
Bitget Token (BGB) $ 4.54 1.24%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
polkadot
Polkadot (DOT) $ 3.39 1.21%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 107,346.76 0.32%
uniswap
Uniswap (UNI) $ 7.16 0.84%
aave
Aave (AAVE) $ 273.98 0.86%
pepe
Pepe (PEPE) $ 0.00001 1.20%
pi-network
Pi Network (PI) $ 0.511379 2.94%
dai
Dai (DAI) $ 1.00 0.00%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.00%
aptos
Aptos (APT) $ 4.81 0.22%
okb
OKB (OKB) $ 50.05 0.07%
bittensor
Bittensor (TAO) $ 335.39 2.36%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 189.12 2.70%
internet-computer
Internet Computer (ICP) $ 4.90 0.01%
near
NEAR Protocol (NEAR) $ 2.12 1.65%
ethereum-classic
Ethereum Classic (ETC) $ 16.58 0.38%
crypto-com-chain
Cronos (CRO) $ 0.080296 0.71%
ondo-finance
Ondo (ONDO) $ 0.770251 0.30%
susds
sUSDS (SUSDS) $ 1.06 0.03%
usd1-wlfi
USD1 (USD1) $ 1.00 0.19%
kaspa
Kaspa (KAS) $ 0.075333 1.55%
tokenize-xchange
Tokenize Xchange (TKX) $ 24.62 10.83%
mantle
Mantle (MNT) $ 0.582291 0.50%
fasttoken
Fasttoken (FTN) $ 4.41 0.03%
cosmos
Cosmos Hub (ATOM) $ 4.11 1.73%
gatechain-token
Gate (GT) $ 15.35 0.03%
vechain
VeChain (VET) $ 0.021148 0.54%
official-trump
Official Trump (TRUMP) $ 8.89 1.99%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.675106 1.23%
sky
Sky (SKY) $ 0.08078 2.15%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.187067 4.42%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 107,136.70 0.42%
arbitrum
Arbitrum (ARB) $ 0.337539 0.35%
render-token
Render (RENDER) $ 3.21 1.64%
ethena
Ethena (ENA) $ 0.267278 0.17%
sei-network
Sei (SEI) $ 0.286862 5.10%
algorand
Algorand (ALGO) $ 0.181421 0.05%
quant-network
Quant (QNT) $ 107.30 1.83%
filecoin
Filecoin (FIL) $ 2.30 0.64%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.53 1.23%
worldcoin-wld
Worldcoin (WLD) $ 0.901959 0.22%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,486.56 1.98%
first-digital-usd
First Digital USD (FDUSD) $ 0.99897 0.07%
usdtb
USDtb (USDTB) $ 1.00 0.02%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 165.28 2.63%
kucoin-shares
KuCoin (KCS) $ 11.17 0.62%
jupiter-exchange-solana
Jupiter (JUP) $ 0.461428 0.97%
usdt0
USDT0 (USDT0) $ 0.999675 0.01%
nexo
NEXO (NEXO) $ 1.22 1.35%
spx6900
SPX6900 (SPX) $ 1.26 0.48%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,833.07 2.00%
flare-networks
Flare (FLR) $ 0.017251 0.45%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,604.94 2.07%
fartcoin
Fartcoin (FARTCOIN) $ 1.14 0.05%
bonk
Bonk (BONK) $ 0.000015 0.63%
injective-protocol
Injective (INJ) $ 10.84 0.91%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.01%
sonic-3
Sonic (S) $ 0.314451 0.80%
blockstack
Stacks (STX) $ 0.654448 2.41%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00 0.02%
optimism
Optimism (OP) $ 0.566026 0.26%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.50 5.46%
celestia
Celestia (TIA) $ 1.40 4.90%
paypal-usd
PayPal USD (PYUSD) $ 0.999609 0.02%
xdce-crowd-sale
XDC Network (XDC) $ 0.058455 1.58%
kaia
Kaia (KAIA) $ 0.160861 3.01%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,657.87 1.89%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 2,611.18 2.07%
Scroll to Top