Matrixport: XRP RSI index is around 40%, and may rebound

Odaily News Matrixport released today's chart, saying that recently, the XRP-USDT trend has suddenly turned from long-term sideways consolidation to rapid growth, which has increased the complexity of market chart analysis. In the trading strategy of trading XRP, it is very common to pay attention to the relative strength index (RSI). From historical data, when the RSI is close to 40%, the probability of XRP rebounding is higher, and RSI approaching 70% often means overbought state.
The recent rally may still have further upside, especially after the new US government takes office, the SEC may re-examine the lawsuit against Ripple Labs. Currently, the RSI is around 40%, and the technical side shows that XRP has upside potential.