Technical analysis by CryptoColugo about Symbol XRP: Buy recommendation (21 hour ago)
https://finbeet.com/message/3935726

CryptoColugo
Rank: 1649
Analytical Power:
2.2
Before you panic - check out the patterns in the chart
Message Type:Buy
Price at Publish Time:
$1.9

XRP at the daily timeframe. The RSI is almost oversold, the last 5 times when price went oversold and was at around the 30 level, we saw a huge rally. If we take the average of the last 5 times when the RSI was this oversold, then we could see a price rice of 90%. Strangely we are then exactly back at resistance of the channel. Oversold + at support levels makes buyers to step in the game. Will this time be different?
Source Message: TradingView