According to the relative strength index (RSI), XRP/BTC pumped nearly 32% in January 2025, breaking through the key resistance level and entering the overbought zone. The last time XRP/BTC reached this RSI level was in early 2017, followed by a significant pump. An RSI above 70 usually indicates that the market will enter a consolidation or adjustment period. However, in some cases, strong market fundamentals may further push up prices. (Cointelegraph)
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Analysis: XRP/BTC pumped nearly 32% in January, breaking through the key resistance level and entering overbought territory
According to the relative strength index (RSI), XRP/BTC pumped nearly 32% in January 2025, breaking through the key resistance level and entering the overbought zone. The last time XRP/BTC reached this RSI level was in early 2017, followed by a significant pump. An RSI above 70 usually indicates that the market will enter a consolidation or adjustment period. However, in some cases, strong market fundamentals may further push up prices. (Cointelegraph)