XRP risks new drop as analyst warns of bearish RSI signal

Crypto analyst Steph Is Crypto has identified a significant pattern on the XRP weekly chart, suggesting potential downside risk if a key technical signal is confirmed. Steph Is Crypto, known for in-depth technical analysis of digital assets, flagged the development as a possible warning for XRP investors. The analysis centers on the Relative Strength Index (RSI) on XRP’s weekly timeframe. Steph monitors two elements: the RSI line itself and its moving average, often referred to as the signal line. Historically, each time the RSI line has crossed below its moving average since the market low in June 2022, XRP has recorded notable price declines. The latest setup is approaching a similar crossing point, which Steph describes as a critical juncture for the asset.

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