A widely followed crypto analyst has identified a significant level in XRP's two-month Relative Strength Index (RSI), calling it a dividing line between a continued macro reset and the start of a fresh expansion phase.
The RSI for XRP has dropped to 50, a level that marks the boundary between a prolonged downturn and a potential upward trend. This comes as the asset trades near $1.12, down around 5% on the day and roughly 18% over the past month.
According to the analyst, this level of 50 is crucial for determining the direction XRP will take in the short term. If it stays below this mark, a continued macro reset may be expected, but if it breaks above, a fresh expansion phase could begin.