XRP's daily & hourly RSI are screaming BUY BUY BUY!The daily RSI assessment is primarily based upon the fact that the last time XRP's RSI was this low was before the election when price was only $0.49; yet the price is currently $2.34.
This is not a bottom call at $2.34, there's still a strong chance the price could collapse as much as another 33%, to around $1.58 before the relief rally. However, the broader pullback the crypto market is experiencing is an obvious over-reaction by low disciplined speculators. As such, the odds of XRP rebounding back above $3 in the next 3-6 months (yielding a comfortable 28% ROI) is extremely high (around 70-80% likelihood).
The hourly RSI has also diverted from price; setting a double bottom, while XRP's price has slipped to a lower low; providing a strong short-term indicator that the price trend is about to reverse (maybe not back above $3 in the short term, but high probability of returning to +$2.80/20% gain.)
These rebounds are worst case scenarios, best case scenario this is a price range where your entry could easily 2-3x later in the year assuming the US confirms it will be buying up several cryptocurrencies for the newly created US Sovereign Wealth Fund/Strategic Digital Asset Reserve.
