XRP Monthly RSI Indicates Cycle 3 Blow-Off Top with 97 Peak Predicted

XRP is currently holding above $3, aligning with broader crypto trends. Technical analysis by Egrag Crypto indicates XRP is entering a critical stage that could lead to substantial price increases. Key points from the analysis include:

XRP's monthly Relative Strength Index (RSI) is in the “Cycle of Three,” suggesting an imminent explosive phase.
The cycle consists of three stages: a major RSI pump, corrections, and a blow-off top.
Previous cycles (2017 and 2021) displayed similar patterns, with differing intensities due to external factors like the Ripple lawsuit.
The current setup has completed the pump and correction phases; the final stage is projected to push XRP towards new highs.
Egrag predicts potential RSI peaks at 80, 87, or 97, signaling strong overbought conditions.

Historically, an RSI above 90 corresponds with significant price surges. The last instance was during the 2017 bull run when XRP rose from under $0.1 to about $3.40. Current RSI is at 73, with XRP trading at $3.12.