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XRP Monthly Chart Is Bullish: Analyst Foresees Highest Monthly Close In History

2025-08-01 17:45

XRP Monthly Chart Is Bullish: Analyst Foresees Highest Monthly Close In History

Crypto analyst Cryptoinsightuk has shared an analysis focused on the XRP/USD monthly chart, suggesting that the asset could be on the verge of confirming a significant technical milestone. According to the analyst, if XRP maintains its current price level or closes the month higher, it would represent the highest monthly close in its history. He interprets this development as indicative of a range breakout, which could signal the start of a continuation phase in XRP’s long-term price movement. He adds that such a breakout, when confirmed on the monthly timeframe, often leads to further bullish momentum. In this context, he reiterates his previously stated target range of $8 to $15 for XRP , emphasizing that this range is derived from technical analysis shared in his YouTube videos and newsletters. However, he also cautions that forecasting the endpoint of a continuation move is inherently complex. If we look at the $XRP monthly chart, we can see that if we close here or higher, it will mark the highest monthly close for $XRP ever. To me, this signals a range break and continuation. The tricky part, however, is predicting where that continuation will end up. My target range… pic.twitter.com/qVv1jo9Dzf — Cryptoinsightuk (@Cryptoinsightuk) July 31, 2025 Focus on the Relative Strength Index (RSI) A central element of Cryptoinsightuk’s analysis is the behavior of the Relative Strength Index (RSI), which he believes holds significant implications for understanding the current phase of the XRP market cycle. Drawing a parallel with the 2017 cycle , he notes that the RSI then peaked during the initial surge following a breakout and set a lower high during the subsequent rally, indicating diminishing momentum. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 At present, the monthly RSI has not yet approached the extreme levels seen in 2017, which reached around 94. This observation leads him to propose that momentum has not been fully exhausted in the current cycle. He further explains that if XRP continues upward and the RSI establishes a higher high than the current reading, this would reflect continued market strength. In contrast, a lower high on the RSI during a future rally would be a key signal that bullish momentum is fading. Projected Market Behavior and Wave Structure Based on the RSI’s current positioning and his interpretation of market structure, the analyst anticipates that at least one, if not two, additional bullish waves could develop before XRP reaches its cycle peak. He expects that the next upward move may push RSI into higher territory, which would reinforce his thesis of ongoing momentum. Following that, he projects a cooling-off phase, potentially leading to a third and final move. If that final wave results in a lower RSI high, similar to what occurred in the 2017 cycle , it would be a signal of declining momentum and a likely indication that the market top is approaching. In the visual shared with his commentary, Cryptoinsightuk presents a chart that includes both the price and RSI trajectory. The chart illustrates a hypothetical structural pattern for XRP, showing a continuation of the current breakout followed by two distinct upward legs. He emphasizes that the drawing does not represent a precise price forecast but rather outlines a potential structural path that aligns with historical RSI behavior and market cycles. Conclusion Based on Historical Patterns Cryptoinsightuk underscores that his interpretation is grounded in observing historical RSI dynamics and price structures. He states that this RSI-based approach is currently underappreciated by many in the space but believes it provides important insight into market strength and timing. While he acknowledges the inherent uncertainty in predicting the exact outcome of any breakout, his analysis implies that XRP’s current technical setup could lead to further significant price advances before a potential cycle top is reached. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Monthly Chart Is Bullish: Analyst Foresees Highest Monthly Close In History appeared first on Times Tabloid .