The STOCHASTIC RSI cross on the weekly chart only happens one or two times per year.
Currently the SRSI is under the 20 level and had a bullish cross on the week of Feb 5.
The last 4 times the weekly SRSI crossed while under the 20 level (blue vertical lines) XRP saw significant gains. (51-167% gains even in the 2022 bear market.)
Will XRP see big gains like the last four SRSI crosses?
Ideally I want to see XRP rise to the top of the channel and find support on the 95 cents resistance level.
95 cents is a key support and resistance level. Find support here and price would be testing the next resistance level of $1.35.
XRP needs to rise 81% from here to reach 95 cents.
Also, XRP is in an ascending parallel channel, and currently sitting at the bottom of this channel. This is significant because it means XRP is making higher highs and higher lows. And the trend is going in an upwards direction.
Currently the SRSI is under the 20 level and had a bullish cross on the week of Feb 5.
The last 4 times the weekly SRSI crossed while under the 20 level (blue vertical lines) XRP saw significant gains. (51-167% gains even in the 2022 bear market.)
Will XRP see big gains like the last four SRSI crosses?
Ideally I want to see XRP rise to the top of the channel and find support on the 95 cents resistance level.
95 cents is a key support and resistance level. Find support here and price would be testing the next resistance level of $1.35.
XRP needs to rise 81% from here to reach 95 cents.
Also, XRP is in an ascending parallel channel, and currently sitting at the bottom of this channel. This is significant because it means XRP is making higher highs and higher lows. And the trend is going in an upwards direction.