Analyst and crypto trader EGRAC CRYPTO shared an update yesterday regarding his recent RSI analysis on XRP. He observed that the indicator had dipped below 50, as predicted by his tweet on May 5th 2023. He also foretold that XRP's price movement will be proportionally larger and better closer to the RSI 42 range. As of press time, XRP's price had dropped 0.37% in the past 24 hours, decreasing its weekly performance to -6.99%.

XRP's current price of $0.4262 is supported by the key support level of $0.4128, while the 9-day and 20-day EMA lines act as resistance levels, which might lead to price dropping to $0.3849. Conversely, if XRP can close above the 9-day EMA line in the next 48 hours, the price might attempt to reach back above $0.45.

In general, the cryptocurrency market is extremely volatile, so any predictions about XRP's value should be taken lightly. It is important to do thorough research and due diligence regarding any decisions, as one's own action might result in damages or losses. Coin Edition and its affiliates will not bear any responsibility for the consequences of readers' decisions, direct or indirect.



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