• For XRP to take off, it needs to hold steady at an RSI of 65—here’s why.
• The expanding Bollinger Bands are also pointing towards a potential bullish run for XRP.
• Don’t forget, Ripple’s win in court gave XRP’s price a real shot in the arm.

A respected voice in the crypto analysis world on X (formerly Twitter) has offered some encouraging words for XRP, but there’s a key condition. This analyst is keeping things straightforward in a market that feels anything but, using a couple of trusted indicators to make sense of where XRP might be headed.

XRP’s RSI: At a Make-or-Break Moment

In their latest update, the analyst highlighted that the Relative Strength Index (RSI) for XRP against the US dollar has dipped to a pivotal point of 65. They emphasized that this level is crucial, suggesting it needs to hold strong to prevent further price drops. Looking back at XRP’s history, the analyst believes that if this level is maintained, it could very well fuel a significant price surge.

Adding another layer to the analysis, the expert incorporated Bollinger Bands alongside the RSI, aiming to pinpoint potential targets for XRP should this anticipated rally kick off. For this price forecast, the analyst is drawing from XRP’s past behavior—specifically how the RSI has tended to reach for the upper range of an expanding Bollinger Band during previous bull markets.

Therefore, the analyst is betting on the RSI to bounce back from this 65-point mark and climb toward 85 points, riding the wave to the top of the widening Bollinger Bands.

While the analyst’s breakdown didn’t explicitly mention XRP price targets, the depth of data considered implies a longer-term perspective, taking into account trends over time.

Is XRP Finally Ready for Its Long-Awaited Rally?

XRP has been a hot topic in the crypto space for years now, but the buzz really kicked up a notch after Ripple scored a partial legal victory against the SEC back in 2023.

Since that win, anticipation for XRP has been steadily building, especially with shifts happening at the SEC and increasing whispers about a potential final resolution to the ongoing case.

It’s no secret that XRP investors are eagerly hoping for a substantial rally and naturally gravitate towards positive trend analyses like the one spotted by this analyst. However, everyone’s keeping a close watch, understanding that the crypto market can be swayed by a lot of different forces.