As can be seen in the XRP monthly chart, there is a multi year ascending channel defined. The XRP price action and corresponding monthly RSI, have respected this channel so far in the last few years, as can be seen in the different yellow circles (peak bear market periods), orange circles (transitional market periods) and green circles (peak bull market periods). Let's see if this channel continue to be respected in the future years to come, which will be very bullish for the XRP price action.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.