XRP Shows Signs of Price Recovery After Hitting $1.90 Low

XRP is currently trading at $2.29 after a 2.5% drop, having previously reached a low of $1.90 on March 11. Analyst Steph suggests that XRP may have completed its downward cycle and is poised for a potential price increase.

Key Analysis Points

The relative strength index (RSI) indicates a shift from a declining trend, suggesting increased market strength.
Past trends show that XRP prices tend to rise when the RSI moves from oversold levels.
Following the recent dip, XRP has shown recovery signs, rising to approximately $2.50 before retreating.
Steph projects a possible 500% price surge, potentially reaching $13 to $14, based on historical patterns.
In a separate prediction, he speculates XRP could even rise to $30 if technical indicators signal a reversal.

Image illustrating RSI trends:

Current debates among experts revolve around whether XRP has truly hit its lowest point or if further declines are possible.